Saturday, October 7 2017 00:54 EEST
EU introduces anti-dumping duty on Ukrainian steel
EU,  Introduces,  Anti-dumping, Ukrainian

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.

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