The Government of Great Britain (UK) has accepted the recommendation of the UK Trade Remedies Authority (TRA) to extend the suspension of anti-dumping measures on flat steel and hot rolled steel coils imports from Ukraine for another 12 months. This was stated in the message on the British government website.
Anti-dumping duties on the import of these products have been suspended from August 2022, and this decision was supposed to be in effect until May 30, 2023.
The UK Trade Remedies Authority (TRA) is also reviewing anti-dumping measures on imports of these products from Russia, Ukraine, Brazil and Iran.
In its preliminary findings, the agency suggested continuing the measures on imports from China, the Russian Federation, Brazil and Iran but cancelling them for Ukraine, as dumping of Ukrainian products is unlikely to be repeated due to the country’s reduced production and limited export opportunities due to the war with Russia.
The UK Trade Remedies Authority (TRA) also took into account Ukraine’s need to rebuild steel production capacity and domestic steel demand to rebuild the country’s infrastructure.