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Iranian steel exporters hit by EU anti dumping crackdown-The 19th China(Guangzhou)Int’l Metal &Metallurgy Exhibitio
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10/10/2017 steel expo-metal &metallurgy expo |
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Arab Times reported that Iran has been caught up in a European Union crackdown on alleged predatory pricing by producers of hot-rolled steel, and is one of several countries facing anti-dumping duties. The move follows complaints from European manufacturers of excessively low pricing by companies based in Iran, Brazil, Russia and Ukraine.
EU said that anti-dumping tariffs of between EUR 17.6 and EUR 96.5 (USD 20.6 to USD 112.8) per tonne will be imposed from October 7,
Iranian steel would be subject to a duty of EUR 57.5 per tonne and Ukraine’s Metinvest Group EUR 60.5 per tonne.
The European Commission had initially proposed setting a minimum price of EUR 472.27 per tonne but revised its proposal after failing to secure backing from EU member states.
Among the companies subject to tariffs were the Brazilian arm of ArcelorMittal and Aperam, both of which also produce in Europe. Others hit include Companhia Siderugica Nacional, Usinas Siderugicas de Minas Gerais and Gerdau at rates of between EUR 53.4 and EUR 63 per tonne.
Rates for Russia producers varied from EUR 17.6 for PAO Severstal, EUR 53.3 for Novolipetsk and EUR 96.5 for MMK.
In April, the EU took action to protect its steel producers from Chinese exports of hot-rolled flat steel products following dumping allegations by European interests.
Punitive duties were imposed on Chinese producers for an initial period of five years following a lengthy investigation.
Hot-rolled flat steel is used for the production of steel tubes, used in construction, and for shipbuilding, gas containers, cars, pressure vessels, and energy pipelines.
The EC has disclosed it currently has in force an unprecedented number of trade defense measures targeting “unfair” exports of steel products from third countries, with a total of 41 anti-dumping and anti-subsidy measures, 18 of which on products originating from China.
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