The Eurasian Economic Commission (EEC) has extended the anti—dumping duty on imports of galvanized steel from China and Ukraine for another five years, until June 9, 2030. This is reported by Kallanish.
The decision was made based on the results of the repeated anti-dumping investigation launched on September 2, 2024. The reason for the investigation was the approaching deadline for the completion of the current restrictions and the appeal from the national producers of the countries of the Eurasian Economic Union (EAEU), in particular Magnitogorsk Iron and Steel Works (MMK), NLMK and Severstal.
The duty was first introduced on December 3, 2019 by Decision No. 209 of the EEC Council. It provides for a rate of 12.69–17% for Chinese-made galvanized steel, depending on the specific manufacturer. For products from Ukraine, the duty is set at 23.9% of the customs value.
The Eurasian Economic Union unites five countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan and the Russian Federation. The main purpose of extending the duties is to protect the domestic market from unfair competition from cheaper imports.
The EEC decision stipulates that in the event of changes in trade policy or the emergence of new circumstances, the terms of anti-dumping measures may be reviewed ahead of schedule.
