EAEU extends anti-dumping duty on galvanized steel from China and Ukraine

The Eurasian Economic Commission (EEC) has extended the anti-dumping duty on imports of galvanized steel from China and Ukraine for another five years, until June 9, 2030. This is reported by Kallanish.

The decision was made following a second anti-dumping investigation launched on September 2, 2024. The investigation was prompted by the approaching expiry of the current restrictions and appeals from national producers of the Eurasian Economic Union (EAEU), including Magnitogorsk Iron and Steel Works (MMK), NLMK and Severstal.

The duty was first introduced on December 3, 2019, by Decision No. 209 of the EEC Council. It provides for a rate of 12.69-17% on Chinese-made galvanized steel, depending on the specific manufacturer. For products from Ukraine, the duty is set at 23.9% of the customs value.

The Eurasian Economic Union unites five countries – Armenia, Belarus, Kazakhstan, Kyrgyzstan and the Russian Federation. The main purpose of the extension is to protect the domestic market from unfair competition from cheaper imports.

The EEC’s decision stipulates that in case of changes in trade policy or new circumstances, the terms of the anti-dumping measures may be reviewed ahead of schedule.

As a reminder, global stainless steel production in 2024 increased by 7% compared to 2023 – to 62.621 million tons. In the fourth quarter of 2024, global stainless steel production increased by 4.9% quarter-on-quarter – to 16.45 million tons.