The EU introduced new anti-dumping duty on imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in Brazil, Iran, Russia and Ukraine, according to the regulation published in the Official Journal of the European Union on October 6.
The new duty is introduces in order to reduce the damage of cheap competition to the European steel manufacturers.
The ad valorem anti-dumping duty for Ukrainian steel is set at 19,4%. In monetary terms, it’s 60,5 euro per ton. The duty for Russian companies is set at different levels, from 5,3% to 33% (up to 96,5 euro per ton). The duty for Iran is 17,9% (58 euro), while Brazil is to pay from 15,7% to 17,5% (up to 63 euro).
Over 40 various anti-dumping agencies aimed at defending European steel manufacturers are currently working in the EU. Ukraine is the only country of the afore-mentioned that has a Free Trade Agreement with the EU.