Minimum import price on HRC imports 'will not stop dumping', Eurofer says

The application of a minimum import price (MIP) on hot rolled coil (HRC) would not be enough to stop dumping of the material from four countries named in a trade case, European steel association Eurofer said on Thursday July 20.

Earlier this week, the European Commission (EC) released a preliminary document on final measures proposed in an anti-dumping probe into HRC imported from Russia, Ukraine, Brazil, Iran and Serbia.
According to this document, Serbia was excluded from the case because the volume of imports was minimal, while the other four countries will not need to pay anti-dumping duties unless they sell HRC below an MIP of €472 ($544) per tonne cif EU ports.
During the investigation, the EC proved that all five countries involved in the case were selling HRC at dumped prices. It calculated anti-dumping duties on HRC imports from the remaining four countries in the range of 5.30-33%.

But the proposal of an MIP would set an unworkable precedent that would...

Published

Maria Tanatar

July 20, 2017

18:47 GMT

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