The European Commission has released the results of its preliminary investigation into certain HRC imported from Egypt, India, Japan, and Vietnam. As a result of this investigation, the EU will impose anti-dumping duties on imports from these countries.
The leaked preliminary report of the Commission’s anti-dumping investigation proposes provisional duty rates on imports from Egypt of 15.6%, Vietnam of 12.1%, and Japan’s Nippon Steel Corporation with the highest provisional duty of 33%, Daido Steel 32.0%, JFE Steel 32.0%, Tokyo Steel 6.9% and all other Japanese producers will be subject to provisional duties of 33.While India’s is 0%.
Egypt, Japan, and Vietnam exported 2.2 million tons of HRC to the EU last year, representing approximately 25% of total imports. Egypt’s share was 694,000 tons, Japan’s 860,000 tons, and Vietnam’s 727,000 tons.
India exported 1.2 million tons into its own quota last year.
Definitive measures are expected by 7 October.
