VINACHEM

Imports from Egypt, India, Japan and Vietnam to be registered Registration to protect against dumped imports of steel products Relates to an antidumping probe started in August The European Commission.

The European Commission has made imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel from Egypt, India, Japan and Vietnam subject to registration, according to a document in the EU Official Journal Oct.25.

The move is meant to protect against dumped imports and was related to an antidumping investigation on these products started in August after a June complaint from the European Steel Association, Eurofer, on behalf of its members, which represented more than 25% of the total EU production of these products.

It said the imports of the product concerned had to be registered to ensure that if the findings of the ongoing antidumping investigation led to the imposition of antidumping duties, those duties could be levied retroactively.

"The conditions for retroactive collection of duties will be assessed in the regulation imposing definitive duties if any," the EC said in the document.

It said the registration would also be useful if any future liability would emanate from the findings of the investigation.

For imports of the products during full-year 2023, the EC said the allegations in the complaint requesting the initiation of an antidumping investigation estimated dumping margins from 30%-40% from Egypt, 10%-20% from Japan, around 10% from India and 5%-15% from Vietnam, and an average injury elimination level of 26%, 29.3%, 27.3% and 34.7% respectively.

It added that the amount of possible future liability would normally be set at the lower of those two levels.

The EC said that if, during the investigation, it found evidence of raw material distortions, the amount of possible future liability would be set at the level of the dumping margin if it concluded that a duty lower than the margin of dumping would not be sufficient to remove the injury suffered by the EU industry.  – Source: spglobal.com –