The European Commission has launched an anti-dumping investigation into imports of certain types of cold-rolled flat products from India, Japan, Taiwan, Turkey and Vietnam.
The investigation was launched following a complaint from the European Steel Industry Association Eurofer, on August 4. He claims that the import of certain types of cold-rolled flat products is being dumped on the EU market, thereby causing damage to domestic producers.
An official notice published by the commission stated that as a complaint detailed information about "substantial" dumping margins for all concerned countries. It was assumed that the dumping margin could range from 10% to 50%.
The anti-dumping investigation will cover the period from July 1, 2024 to June 30, 2025. However, the study of trends relevant to damage assessment will cover the period from January 1, 2022.
Interested parties have 37 days to submit an application to the Commission. The investigation will be completed within one year, but no more than 14 months from the date of yesterday's notification (September 18).
' Another barrier to EU imports
Commenting on this statement, John Carruthersgreen, member of the European Parliament and steel market analyst, said: "Steel producers in the EU will certainly welcome any additional anti-dumping measures, considering them as vital protection against what they consider widespread dumping.
" At the same time, we have already heard feedback from factories and traders outside the EU. The European Union is concerned that this may simply create another barrier to entry, as the European Commission is effectively looking for ways to limit imports instead of addressing major market imbalances."
India is the only country under a new anti-dumping investigation and has its own tariff, a tariff quota, as part of the current EU import protection measures. At the same time, Japan, Taiwan, Turkey and Vietnam are subject to restrictions of 13% on the use by individual countries of the protective quotas of "other countries" provided for by the measures. In each case, these limits were exceeded during the quota period for the third quarter. The fourth quarter will begin on October 1.
Anti-dumping duties will have a significant impact on the import of cold-rolled sheets from non-alloyed and other alloys to the EU. In 2024, shipments from India, Japan, Taiwan, Turkey and Vietnam accounted for 67.7% of imports - almost 1.85 million tons.
The investigation adds to the existing uncertainty
The anti-dumping investigation recently launched by the European Commission will add uncertainty to the EU steel importers. The study of MEPs
