As a result of the reviews of antidumping measures against China, Russia, Brazil, Iran and Ukraine, as well as of countervailing measures against China, the UK’s Trade Remedies Authority (TRA) has announced that it proposes to extend the measures on imports of hot rolled flat and coil steel from China, Russia, Brazil and Iran, but to remove them for Ukraine, as it concluded that dumping of products from Ukraine was unlikely to recur, due to reduction in Ukraine’s production capacity and the limits on its ability to export caused by the war with Russia. The TRA also took into account Ukraine’s requirement to rebuild steel production facilities and domestic demand for steel to rebuild the country’s infrastructure.
This products in question are hot rolled flat products of iron, non-alloy and other alloy steel. They are commonly used as a raw material for other types of steel products and make up almost one third of all steel production globally.
According to the TRA, tariffs on imports of this product from Ukraine have already been suspended since August 2022 and this suspension is due to end on May 30 this year. The TRA proposes that the measure on Ukrainian imports be revoked. However, in the meantime, the TRA will assess whether the suspension of tariffs for Ukrainian imports should be extended for a further 12 months.
“Following thorough analysis, our conclusion is that UK steel producers would be harmed if protection against unfair imports from China, Russia, Brazil or Iran was removed. We have concluded that the impact of the war and subsequent reconstruction in Ukraine means that there is little likelihood of Ukraine dumping hot rolled steel products into the UK,” explained TRA chief executive Oliver Griffiths.
