The EU has extended anti-dumping and countervailing duties on hot-rolled steel from China

Tariffs on Chinese hot-rolled coil will remain in place for at least another 5 years

The European Commission (EC) announced the extension of anti-dumping and countervailing duties on the import of certain types of hot-rolled flat products for another 5 years. SteelOrbis reports about it.

A request for a repeat anti-dumping investigation was submitted by the European Steel Association EUROFEER in 2022. The association indicated that the expiry of the measures on Chinese steel products is likely to result in the continuation or recurrence of dumping for the EU steel industry.

Anti-dumping duties range from 1% to 31.3%, and countervailing duties range from 4.6 to 35.9%.

The products to which tariffs are subject to the following types of goods according to the positions of customs statistics – 7208 10 00, 7208 25 00, 7208 26 00, 7208 27 00, 7208 36 00, 7208 37 00, 7208 38 00, 7208 3 9 00, 7208 40 00, 7208 52 10, 7208 52 99, 7208 53 10, 7208 53 90, 7208 54 00, 7211 13 00, 7211 14 00, 7211 19 00, ex 7225 19 10, 7225 30 90, ex 7225 40 60, 7225 40 90, ex 7226 19 10, 7226 91 91 та 7226 91 99.

As GMK Center reported earlier, in May 2023, the European Commission extended the anti-dumping measures of the EU duty on the import of certain types of thick rolled steel from China. The duty rate remains at the level of 65.1%-73.7%. The relevant decision was made after the anti-dumping investigation was conducted following the expiration of the tariffs introduced in 2017.

In 2022 the European Union reduced imports of finished steel products from third countries by 5% compared to 2021. The decrease in the total import of rolled steel to the EU last year was caused by a drop in the supply of flat rolled products by 9% y/y. The import of long-rolled goods for the year increased by 11% y/y.