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China, Russia Face Possible Renewal of EU Steel-Material Tariffs

(Bloomberg)
Updated: 2013-03-01 15:35
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The European Union threatened to renew tariffs on a ferro-alloy from China and Russia for another five years while letting similar levies against Kazakhstan and Egypt lapse.


The EU said it would examine whether to reimpose the duties on imports from China and Russia of ferro-silicon, which is used by steelmakers such as ArcelorMittal. (MT) The import taxes punish Chinese and Russian producers of ferro-silicon for selling it in the EU below cost, a practice known as dumping.


The review "will determine whether the expiry of the measures would be likely to lead to a continuation or recurrence of dumping" and "a continuation or recurrence of injury" to the EU industry, the European Commission, the bloc's trade authority in Brussels, said today in the Official Journal. A regular re-imposition of the levies would be for five years.


The levies, as high as 31.2 percent for China and up to 22.7 percent for Russia, were due to end tomorrow along with the measures against Kazakhstan and Egypt and will now stay in place during the probe, which may last as long as 15 months.


The review of the duties results from a Nov. 28 request by a group called Euroalliages on behalf of European producers that account for more than a quarter of the EU's output of ferro- silicon, according to the commission. It didn't identify any EU producers.


The expiring levies are 33.9 percent for Kazakhstan and as much as 18 percent for Egypt. When it imposed the anti-dumping duties five years ago, the EU also targeted the Republic of Macedonia with a 5.4 percent levy. The 27-nation bloc repealed that measure at the end of 2009.

 

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