The Eurasian Economic Commission (EAEC) has started repeated antidumping investigation of supplies of ferrosilicomanganese from Ukraine due to the expiration of the existing antidumping duty.
Recall that since October 28, 2016, an anti-dumping duty of 26.35% of the customs value of ferroalloy has been applied to ferrosilicomanganese originating from Ukraine imported into the customs territory of the Eurasian Economic Union.
The EAEC noted that since 2017, as a result of the introduction of an anti-dumping measure, the import of ferrosilicomanganese from Ukraine has practically stopped and is currently not being carried out. Nevertheless, the commission believes that when the restrictions are lifted, there is a possibility of "renewed damage to the sector of the economy."
"Taking into account the level of prices at which goods are exported from Ukraine to other countries, the price of importing goods on the Union market, in the event of the termination of the anti-dumping measure, may be significantly lower than the price of goods in the economic sector," economic commission.
Ferroalloy enterprises of Ukraine in 2020 reduced the production of ferrosilicomanganese by 30.4% - to 559.9 thousand tons. The largest producers of ferroalloys in the country are Nikopol and Zaporozhye Ferroalloy Plants. The factories are controlled by Privat, Igor Kolomoisky and Gennady Bogolyubov, as well as EastOne by Viktor Pinchuk.