EU Finds No Dumping of HRC from India
[tintuc]
A pre-investigation notice from the EU said there is no dumping of hot-rolled steel coils (HRC) imported from India. However, it set temporary taxes on Egypt, Japan, and Vietnam, ranging from 6.9% to 33%, starting April 7.
Japan’s Nippon Steel faces one of the highest import taxes at 33%, while Tokyo Steel has the lowest at 6.9%. Other Japanese producers, Daido Steel and JFE Steel, will face a 32% tax. All other Japanese producers will get a temporary 33% tax.
Materials from Vietnam will face a 12.1% tax, and Egyptian exporters will face 15.6%. However, no temporary tax was suggested for imports from Vietnam’s Hoa Phat.
Imports from India will not face restrictions because they have a 0% tax.
The temporary taxes mean Vietnam’s HRC can still easily enter the EU, and the taxes won’t greatly affect its supply volume—except for limits already set by a protection review, which caps imports from other countries at about 111,000 tons per quarter.
A pre-investigation notice from the EU said there is no dumping of hot-rolled steel coils (HRC) imported from India. However, it set temporary taxes on Egypt, Japan, and Vietnam, ranging from 6.9% to 33%, starting April 7.
Japan’s Nippon Steel faces one of the highest import taxes at 33%, while Tokyo Steel has the lowest at 6.9%. Other Japanese producers, Daido Steel and JFE Steel, will face a 32% tax. All other Japanese producers will get a temporary 33% tax.
Materials from Vietnam will face a 12.1% tax, and Egyptian exporters will face 15.6%. However, no temporary tax was suggested for imports from Vietnam’s Hoa Phat.
Imports from India will not face restrictions because they have a 0% tax.
The temporary taxes mean Vietnam’s HRC can still easily enter the EU, and the taxes won’t greatly affect its supply volume—except for limits already set by a protection review, which caps imports from other countries at about 111,000 tons per quarter.
[/tintuc]
