Fixed duty on HRC imports will give less protection to EU market, Eurofer says

The decision to impose a fixed amount of duty per tonne on hot rolled coil (HRC) imported into Europe from Brazil, Iran, Russia and Ukraine will be less effective in protecting the region’s steel market than ad valorem duties, according to trade group Eurofer.

However, the decision will have a better result than the original proposal of a minimum import price (MIP), the European steel association said on Friday October 6. On October 5, the European Commission (EC) set fixed charges in the range of €17.60-96.50 ($20.65-113.25) per tonne as a definitive trade defence measure in the case against HRC originating from Brazil, Iran, Russia and Ukraine. The EU Trade Defence Instruments Committee rejected the proposal of an MIP...

Published

Maria Tanatar

October 06, 2017

16:25 GMT

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