The EU imposes temporary anti-dumping duties on coils from three countries

The European Commission (EC) has imposed provisional anti-dumping duties on hot rolled coils (HRC) from three countries – Egypt, Japan and Vietnam. This is stated in the respective announcement of the institution.

The investigation, the preliminary findings of which have now been made public, covered the period from April 1, 2023, to March 31, 2024, and was launched in August last year following a complaint filed by the European Steel Association (EUROFER).

Stakeholders had the opportunity to comment on the initiation of the investigation and request a hearing with the EC and/or the Commissioner for Hearings in Trade Procedures. In particular, hearings were held with the Government of Egypt, the Ministry of Economy, Trade and Industry of Japan and exporting companies.

The preliminary rates of anti-dumping duties are 12.8% for Ezz Steel and all other Egyptian companies, 6.9% for Tokyo Steel, 32.9% for Daido Steel and JFE Steel, 42.5% for Nippon Steel and all other Japanese companies, 12.1% for Vietnam’s Formosa Ha Tinh Steel and 0% for Hoa Phat Dung Quat.

The duties will be in effect for 6 months. No decisions on the possible retroactive application of anti-dumping measures have been made at this stage of the proceedings.

The duties will enter into force on the day following their publication in the Official Journal of the EU, on April 8.

At the same time, the EC does not intend to conduct further investigation into imports of these products from India. The Commission did not propose a provisional duty for Indian companies, as it did not find any dumping by exporters from this country.

Earlier it was reported that HRC duties for these three countries would be in the range of 6.9-33%, including 15.6% for Egypt, including Ezz Steel Company.