The European Commission (EC) has decided to impose an MIP on HRC from Russia, Ukraine, Brazil and Iran
. Suppliers from these four countries will be required to pay anti-dumping duties in the range of 5.30-33% if they sell their products for less than €472 ($550) per tonne cif EU ports
The EC is scheduled to announce a definitive decision on the case by October 6 this year.
However, European steel association Eurofer protested against the EC’s choice of an MIP instead of anti-dumping duties, claiming that such a measure will not be enough to stop dumping
“The [EC’s] decision is mainly supported by buyers from Italy. We are now entering a new phase in EU trade defence policy. The EC is squeezed between steel producers and end-users, and pressured by lobbyists. So those who shout the loudest will gain the ears of the Commission,” a representative...