The Interdepartmental Commission on International Trade (ICIT) has begun an anti-dumping investigation into imports of wire from China to Ukraine.
Ilyashev & Partners Law Firm, which represents interests of PlasmaTec LLC, initiated the anti-dumping investigation.
The subject of the investigation is Ukraine’s imports of goods from the People’s Republic of China, featuring the following description: wires of manganese-silicon steel classified under the HS code 7229200000.
The Ministry of Economy is in charge of the anti-dumping investigation. The proceedings will cover the period of imports of Chinese metal products to Ukraine from 2018 to 2020.
According to the anti-dumping investigation findings, ICIT may impose an anti-dumping duty on wire imports from China.
“Following the deliverables of the anti-dumping investigation in question, an anti-dumping duty may be imposed on import of wires from the People’s Republic of China for the purpose of establishing fair competition and protecting Ukrainian manufacturers from dumping imports,” according to Ilyashev & Partners.
PlasmaTec LLC is one of Ukraine’s largest manufacturers of welding materials and semi-finished products for welding electrodes.
Ukraine’s steelmaking companies have almost exhausted the country quota for exports of hollow sections to the European Union (category 21) granted for the quarter from 1 April 2021 to 30 June 2021, according to the monitoring data provided by Ukrmetallurgprom.
Ukrainian steelmakers have already exported 16.4 thousand tons of hollow sections to the EU and thus filled the country quota.
After filling the country quota, Ukrainian companies can export this category of products to the EU under the global quota (on a ‘first come, first served’ basis).
Ukraine’s country quota for exports of seamless pipes of stainless steel to the EU (category 22) is 61.9% exhausted as of 12 May. Ukrainian companies exported 2.03 thousand tons of seamless pipes out of 3.3 thousand tons of the quota portion.
The quota for exports of rebar to the EU (category 13) is 47.16% exhausted. Ukrainian companies exported 15.5 thousand tons of rebar out of 32.9 thousand tons of the quota portion.
The country quota for plates (category 7) is 48.17% exhausted. Ukrainian companies exported to the EU 127.6 thousand tons out of 264.97 thousand tons of the quota portion.
The quota for exports of cold-rolled products to the EU was exhausted earlier.
As reported earlier, the difference between country and global quotas is that the former can be exhausted before the end of its validity period, with no rush and fear that other countries will be quicker. Yet unused quantities may not be carried over to the following year.
In January–March 2021, ArcelorMittal, one of the world’s largest steelmakers, decreased steel production by 20% to 17.6 million tons compared to the same period of the previous year, according to the financial results published on the Group’s website.
Steel production fell by 6.8% against Q4 2020.
In Q1, ArcelorMittal reduced iron ore production by 8.3% to 13.3 million tons against Q1 and by 15.04% against Q4 last year.
In Q1, the steel giant shipped 16.5 million tons of metal products, 18.2% down from Q1 2020. The indicator fell by 4.8% compared to Q4 2020.
“Operationally, we have had a very positive start to the year. We are seeing a continuation of the positive market dynamics of the fourth quarter and have been steadily bringing back production in-line with the demand recovery, which is supported by low inventory levels. Our priorities for the remainder of the year are clear: to maintain a competitive cost advantage; to strategically grow through high-return projects in high-growth markets, whilst leveraging existing infrastructure to develop our iron-ore resource; to consistently return cash to shareholders via a defined capital return policy; and to lead on sustainable development,” noted ArcelorMittal CEO, Aditya Mittal.
ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. In 2020, the steel giant cut steel production by 20.3% to 71.5 million tons against 2019.