The decision will enter into force 30 days following its publishing and apply until 1 June 2020
The Eurasian Economic Commission (EEC) suspended the 34.22% anti-dumping duty on wrought steel wheels from Ukraine.
The decision was announced on the EEC’s website.
The EEC suspended the anti-dumping duty in connection with the reinvestigation initiated by the EEC Department for Internal Market Defence and started on 13 June.
The investigation was initiated by BelAZ OJSC and Kazakhstan Temir Zholy national railway company. The market is facing the deficit of rail wheels which cannot be compensated by imports from third countries or the available production capacities.
According to the EEC forecast, in 2019, Russia, Belarus and Kazakhstan will need 1.7 million wrought wheels: 1.5 million, 70 thousand and 136 thousand respectively.
The deficit of wrought wheels results from the increased production of new cars, write-off of the wheels in use, inconsistencies between the needs of buyers and producers for the following 3 to 5 years.
According to the EEC report, “the damage caused to the EAEU Member States by the anti-dumping measures against Ukrainian wheels is larger than the probable threat of their import. The EEC decision will enter into force 30 days following its publishing and apply until 1 June 2020.
According to the EEC, the share of imports of wrought wheels in the total structure of their consumption in the territory of the EAEU was 11.7% in January–March, compared to 18.4% a year earlier. At the same time, the share of wheels imports from Ukraine made 11.5% compared to 18.4% in Q1 2018.