The European Commission (EC) has established a six-month temporary anti-dumping duties for the Russian cold rolled up to 26%. First of all they will affect “Severstal”, NLMK and MMK, which account for about 90% of exports of these products to the EU (850 ths. Tons in the first 11 months of 2015). Russian metallurgists do not agree with the methodology of the European Commission and intend to challenge the fees amount to August.
Evrokommissiya (EC) approved the provisional anti-dumping duties on cold-rolled products from Russia and China, is revealed in the official journal of the EC. On MMK products are installed at the level of 19.8%, rental of “Severstal” – 25.4%, for the rest of the Russian producers – 26.2%. For Chinese exporters duty amount 13,8-16%. The fees will be in effect until the final decision of the EC in August 2016. In the document the European Commission states that a number of Russian metallurgists did not provide reliable data on the basis of which it would be possible to establish a “normal value” of cold rolled products. Emerged from the EC and the question about the trader’s independence, which sold rolled one of the Russian metallurgists.
anti-dumping investigation in relation to cold-rolled from China and Russia was launched in May at the request of the European metallurgical lobby Eurofer (include ArcelorMittal, Tata Steel, ThyssenKrupp Steel, SSAB, voestalpine and others), which claimed that the increase in the dumping of imports of damaging the industry. According to Eurofer data, in 2014 the Russian Federation exported to the EU about 720 thousand tons of cold-rolled, over 11 months in 2015 -. 850 thousand tons.. In the lobby the materials indicated that China, Russia and Ukraine account for about 59% of imports of flat products in the EU (China exported to the EU for 11 months of 2015 more than 1 million tons of cold-rolled steel). In November, “NP” Russian Steel “, uniting Russian metallurgists were evaluated for” b “annual supply of cold rolled into the EU from Russia in the amount of approximately $ 280 million. Market participants say that the supply amount may be greater. Major exporters “Severstal”, NLMK and MMK
Russian metallurgists do not agree with the calculations and the EC methodology.. In the “Severstal” have stated that the application to the company Art. 18 basic EU rules on anti-dumping ( ‘non-cooperation’), ‘will enable the Commission to calculate the prohibitive provisional duty, it is a direct violation of WTO law. ” “Severstal” has actively cooperated with the Commission in the investigation, said a company spokesman, “were provided in a timely manner all the anti-dumping questionnaires from manufacturers and traders to suppliers of raw materials, organized and carried out verification visits at the enterprises of the company.” However, more information and an offer of “Severstal” to conduct an additional inspection had been rejected EC, indicate the company, saying that “in an objective and impartial investigation of company data showed the absence of dumping».
NLMK expects that the introduction of duties would reduce competition in the European market “and, consequently, a possible rise in prices for cold-rolled steel.” This should have a positive impact on the rolling mills division “NLMK Europe”, which are currently underutilized (capacity -. 850 thousand tons of cold rolled products per year), the company says. But they insist that the EU’s decision “a mistake.” “All of Russia’s arguments and the facts have been ignored, and in the course of the investigation used incorrect raw data” – say in NLMK. MMK also assure that make deliveries at market prices in strict accordance with international law.
All three companies say they will insist on “objective investigation” and involve “all legal facilities”. “In making a final decision on the same conditions,” Severstal “will appeal against the discriminatory actions of the EU Commission”, – summarize the company
EU in October 2015 has already established a minimum price for imports. transformer steel from Russia, Japan, China, the US and South Korea (affect NLMK), and Turkey in January counted Russian suppliers of hot rolled dumping margin to 13,66%.
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