Fixed duty rates vary from €17.6-96.5/t depending on the country and the manufacturing plant
The European Commission has finalized its review of the current anti-dumping duties on imports of hot rolled coil (HRC) from Brazil, Iran and Russia and confirmed that they will remain in force.
The restrictions first came into effect in 2017. The European Steel Association (EUROFER) requested a review last July. The rationale was that the expiration of the safeguard measures could lead to a recurrence of dumping and damage to the European industry. The actual review began in October 2022.
The anti-dumping duties will continue to be €54.5-63 per tonne for Brazilian suppliers, €57.5 per tonne for Iranian suppliers, and €17.6-96.5 per tonne for Russian suppliers. As for coils from Russia, the lowest rate is set for Severstal and the highest for MMK.
According to the EC, in 2021, imports of hot-rolled coils from Brazil to the EU amounted to 185.5 thousand tons, and from Russia – more than 2 million tons. Their market share in the period was 0.53% and 5.84%, respectively. Imports of these products from Iran to the EU completely stopped after 2019.
In 2017, an anti-dumping duty on imports of Ukrainian hot-rolled steel was also introduced for a period of 5 years. In June 2022, it was temporarily suspended to support Ukraine’s economy in the face of Russian aggression. In February 2023, the EC finally lifted the safeguard measure, ending the investigation into the expiration. This happened after EUROFER withdrew its request, based on the fact that the EU industry is unlikely to be affected by these imports, given the current state of the Ukrainian steel industry.
As GMK Center reported earlier, the UK government made a decision to maintain existing anti-dumping and countervailing duties on imports of hot-rolled coil (HRC) from China, Brazil, Iran and Russia until at least 2027. For Chinese products, they will be valid until April 7, 2027. Measures against Russian, Brazilian and Iranian rolled steel will remain in force until October 7, 2027.