EU sets 5-year anti-dumping duty on GOES imports

2015-12-3

 European Union imposed a definitive anti-dumping duty on imports of certain grain-oriented flat-rolled products of silicon-electrical steel originating in the People's Republic of China, Japan, the Republic of Korea, the Russian Federation and the United States of America, the EU Official Journal states.

Last month the EU set minimum-import prices on American, Russian, Japanese, Chinese and Korean shipments of grain-oriented electrical steel (GOES) to be used until late 2020.

The measures on this niche steel product used in power transformers have been introduced in response to dumping of GOES, for which EU has found evidence.

The five-year protection follows provisional European measures introduced in May that took the form of ad valorem duties as high as 35.9 percent. Under the system of minimum-import prices, GOES sold below the price floors are subject to EU tariffs. The duty rates amount to the difference between the minimum prices and any lower import prices.

The minimum import prices should “allow the union producers to return to sustainable profit levels,” states the EU Official Journal.

Source: EUR-Lex