The European Commission (EC) has decided to permanently extend anti-dumping duties on imports of selected steel fittings for pipelines from South Korea, Malaysia and Russia. The duties will be extended after the completion of the review procedure initiated in April 2024 at the request of European manufacturers. This is reported by Eurometal.
We are talking about fittings made of steel or cast iron (except cast, flanged or threaded) with a diameter of up to 609.6 mm, which are mainly used for butt welding and in industry. According to the European Commission, the lifting of current restrictions would lead to the resumption of dumping and would harm EU producers.
For exporters from South Korea, the duty is 32.4%, including for TK Corporation, and 44% for all other companies. In Malaysia, Pantech Steel Industries received the lowest duty (49.9%), Anggerik Laksana will pay 59.2%, and other suppliers will pay 75%. In the case of Russia, a single duty rate of 23.8% has been established for all exporters.
Anti–dumping measures against Korea and Malaysia were first introduced back in 2003 and have been repeatedly renewed, in particular in 2008, 2014 and 2019. Partial changes also occurred after an interim review in 2016. The duties have been in effect in Russia since 2013, and have now been confirmed after the first review of their appropriateness.
The Commission also decided to end the investigation against Turkey without imposing measures. Maintaining duties, according to Brussels, is a justified step to protect European manufacturers of fittings in a competitive environment.
