EU revises duties on imports of Severstal steel

The European Commission announced that it is partially revising the current anti-dumping duty (AD) of 5.3% on hot rolled coils imported from Severstal, in line with the requirements of the European Association of Steel Producers (EUROFER). Russia.

Eurofer provided evidence that Severstal changed its business model to increase exports to the EU. According to available data, the price of Severstal in the domestic market is higher than in the export market. In addition, the dumping margin has increased significantly compared to Severstal's normal value and the EU export price. The dumping margin appears to be in excess of 5.3% as determined by the initial investigation.

The process will end in the first quarter of 2022, and it will decide whether to continue, cancel or revise existing measures. The period that will be considered in the review is the full 2020.