EU minimum import price for HRC 'far from perfect' but will reduce pressure, Jefferies says

Definitive anti-dumping duties on imports of hot rolled coil (HRC) from four countries, along with a minimum import price (MIP), would be a “far from perfect” solution but would help to support domestic steelmakers in the EU, investment bank Jefferies has said.

The European Commission (EC) is scheduled to announce a definitive decision resulting from its anti-dumping investigation into HRC imports from Russia, Ukraine, Iran, Brazil and Serbia by October 6 this year.
The EC has now excluded Serbia from the investigation as the volumes exported from that country were low and prices have been above those for material from the other four countries, according to a preliminary document seen by Metal Bulletin.

The EC calculated anti-dumping duties on HRC from the remaining four countries in the range of 5.30-33%, according to...


Maria Tanatar

July 18, 2017

12:37 GMT