metal expert international steel plate conference clara van hemelrijck, van bael & bellis...
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METAL EXPERT INTERNATIONAL STEEL PLATE CONFERENCE
Clara Van Hemelrijck, Van Bael & Bellis (Brussels)
Frankfurt, 2 March 2015
AD investigations in the EU – Overview
Anti-dumping measures have often been used by the EU industry against unfair imports of steel products
The “protectionist” era against general types of HRC, CRC and GOES is probably over, while new AD/AS proceedings against specialty and more narrowly defined products are still very likely
China remains the main target of anti-dumping actions by the EU
EUROFER actively monitors steel imports and is prepared to request initiations of new TDI proceedings in the EU
Product category 2010 2011 2012 2013 2014
Iron and steel (including iron and steel products)
Source: EU Commission Annual Report (2014)
3 6 11 1 9
EUROFER is an active user of trade defense instruments
From EUROFER’s recent statement (14/01/2015) on foreign trade-distorting industrial policies and their impact on the recovery of the European steel industry:
European imports of Chinese boron-alloyed steel products surged in the first 10 months of 2014 year-on-year by +83% (plate) and +375% (rebar).
“Trade-distorting industrial policies by third countries are detrimental to the recovery of the European steel industry and destroy jobs in Europe”, Eggert says. “The EU must vigorously act to re-establish fair trade for European steelmakers. We strongly welcome the Commission’s awareness of the problem.”
http://www.eurofer.be/News%26Media/Press%20releases/Foreign%20trade%20distorting%20ind
%20policy.fhtml
Treatment of China in Anti-dumping investigations
Currently China is treated as a non-market economy (non-MET) country for purposes of anti-dumping investigations;
Non-MET status affects determination of Normal Value of Chinese exporters and the resulting dumping margin;
In practice, non-MET status leads to higher anti-dumping measures;
European Commission is currently considering whether to grant China a fully-fledged market economy status (MET) at the end of 2016 on the basis of China’s WTO accession protocol.
Treatment of China in Anti-subsidy investigations
Anti-subsidy investigations assess whether a given industry in an
export country benefits from illegal subsidization which causes injury
to the EU producers.
Examples of subsidy programs/schemes in China:
VAT rebates and refunds,
export loans, income tax credit,
provision of main raw materials at non-market prices,
preferential tax policies, local tax discounts, etc.
One anti-subsidy measure is in force against imports of Chinese steel
and one investigation is presently on-going :
Certain organic coated steel products (measures in force);
Stainless steel cold rolled flat products (investigation pending).
New investigations in the EU
Stainless steel cold rolled flat products(initiated 26 June 2014 – anti-dumping investigation)
(Initiated 14 August 2014 – anti-subsidy investigation)
Product: Flat rolled products of stainless steel, no further worked than cold rolled (cold-reduced)
Complainant: EUROFER Provisional measures: 26.03.2015 (AD), 14.05.2015 (AS) | Definitive
measures: 25.09.2015 (AD), 12.09.2015 (AS) Target countries: China and Taiwan (AD), China (AS)
Country Imports to EU Alleged dumping
2012 2013
Volume, MT % of total imports
Volume, MT % of total imports
China 93 194 16,9% 148 220 21,2% 10%-20%
Taiwan 133 696 24,2% 169 948 24,4% 15%-25%
New AD investigations in the EU
Grain-oriented flat-rolled products of electrical steel(Initiated on 14 August 2014)
Product: grain-oriented flat-rolled products of silicon-electrical steel, of a thickness of more than 0,16 mm
Complainant: EUROFER Provisional measures: 15.05.2015 | Definitive measures: 13.11.2015 Target countries:
Country Imports to EU Alleged dumping
2012 2013
Volume, MT Market share, %
Volume, MT Market share, %
JAPAN […] 14.2% […] 13.7% 17-33%
CHINA 7 926 2.2% 4 977 1.5% 15-42%
KOREA 13 453 3.8% 18 789 5.7% 23-38%
RUSSIA 58 390 16.4% 56 436 17.2% 21-76%
USA 37 415 10.5% 20 513 6.3% 8-48%
Country Product Type of investigation
Normal expiry
Initiation of original
investigation
Amount of duties
(min – max)
CHINAOrganic coated steel products AD / AS 2018 2012 (AS)
2011 (AD)
13,7% - 44,7% (AS) 5,9% - 26,1% (AD)
CHINA, TAIWAN
Stainless steel cold-rolled flat products AD / AS (pending
investigation) 2014Stainless steel cold-rolled flat products
CHINA, JAPAN, KOREA,
RUSSIA, USA
Grain-oriented flat-rolled products of silicon-electrical steel
AD (pending investigation) 2014
CHINA, KOREA, TAIWAN
Silicon metal AD 2015 1989 16,3% - 19%
Trade-defense measures in the EU against steel imports
Country ProductType of
investigation
Normal expiry
Initiation of original
investigation
Amount of duties
(min – max)
CHINA
Seamless pipes and tubes of stainless steel
AD 2016 2011 48,3%-71,9%
Seamless pipes and tubes, of iron or steel(pending ER)
AD 2014 2008 17,7% - 39,2%
Wire rod (pending ER)
AD 2014 2008 7,9% - 24,0%
PSC wires and strands (pending ER)
AD 2014 2008 31.1% - 46,2%
Fasteners, iron or steel(pending ER)
AD 2014 2009 0-74,1%
CHINA, THAILAND
Threaded tube or pipe cast fittings, of malleable cast
iron (MTF)AD 2018 2013 14,9%-57,8%
RUSSIA, UKRAINE
Seamless pipes and tubes, of iron or steel AD 2017 2006 12,3-35,8%
MALAYSIA Fasteners, iron or steel AD 2017 2011 0-74,1%
CHINA, PHILIPPINE
S TAIWAN
Stainless steel fasteners and parts thereof AD 2017 2004 8,8% - 27,5%
Trade-defense measures in the EU against steel products
Country ProductType of
investigation
Normal expiry
Initiation of original
investigation
Amount of duties
(min – max)
MOROCCO, CHINA, KOREA,
MOLDOVA, UKRAINE
Steel ropes and cables AD 2017 1998 51,8% - 60,4%
INDIA
Stainless steel bars (certain)
AS 2016 2010 3,3% - 4,3%
Tubes and pipes of ductile cast iron
AD (INV) 2014
Stainless steel wires AD / AS 2018 2012 3,0% - 3,7%TURKEY,
RUSSIATube and pipe fittings of
iron or steelAD 2018 2011 2,9% - 23,8%
CHINA, THAILAND
Tube or pipe fittings of iron or steel (pending ER for
China, measures expired for Thailand)
AD 2014 1994 7,4% - 58,6%
MALAYSIA, KOREA
Tube or pipe fittings AD (ER) 2001 44,0% - 59,2%
UKRAINE, RUSSIA
Seamless pipes and tubes, of iron or non-alloy steel
AD 2017 2005 12,3% - 27,2%
BELARUS, CHINA, RUSSIA,
UKRAINE
Welded tubes and pipes of iron or non-alloy steel
(pending ER)
AD 2013 2007 10,1% - 90,6%
Trade-defense measures in the EU against steel products
Conclusions
TDI instrument in the EU remains costly, not very fast (investigation lasts at least 12 months) and often involving greater politics
New Commission is unlikely to change this trend as its main focus for 2015 agenda is the TTIP
New entrants actively start using TDI: Brazil, Customs Union of Russia-Kazakhstan-Belarus, Egypt, Turkey, Morocco
EUROFER will remain vigilant and may promptly request initiations of TDI proceedings against if unfair imports would increase into the EU
Thank you for your attention
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