Business news from Ukraine

Business news from Ukraine

UKRAINE COULD SUPPLY COLD AND HOT ROLLED COIL STEEL WITHOUT ANTIDUMPING DUTIES TO TURKEY – MINISTRY

27 January , 2016  

KYIV. Jan 27 (Interfax-Ukraine) – Ukrainian metal companies producing hot rolled coil steel could continue supplying the products to Turkey without paying any antidumping duties after the investigation conducted by Turkey.

The Economic Development and Trade Ministry of Ukraine reported on Tuesday that the council for preventing unfair competition in imports of Turkey on January 28, 2015 initiated an antidumping investigation into imports of hot rolled coil steel from China, France, Japan, Romania, Russia, Slovakia and Ukraine.

The Ukrainian ministry supported and continues supporting the position of Ukrainian producers, and the ministry took active part in the investigation procedure. Producers delivered response on the question list of the Turkish agency that conducted the investigation and the dumping margin for each producer was calculated: 1.12% for Zaporizhstal and minus 3.94% for Mariupol Illich Steel Works. The negative margin for Mariupol Illich Steel W means that there is no dumping at all.

The margin for Zaporizhstal is small – dumping measures do not apply with this margin.

Thus, in late August 2015, Turkey applied temporary antidumping measures on imports of hot rolled coil steel from China, Japan, Russia and Slovakia. Preliminary measures were not applied to Ukrainian products.

On January 22, 2016, the final results of the investigation were published. Supplies form Romania, France and Ukraine were not dumping, while dumping for supplies from China was from 15.47% to 18.01%, Russia – from 9.42% to 13.66%, Slovakia 7.02% and Japan from 6.95% to 7.92%.