KYIV. Feb 29 (Interfax-Ukraine) – The decision of the Eurasian Economic Commission, the regulating body of the Eurasian Economic Union (EEU), to impose the anti-dumping duty for five years on Ukrainian seamless, stainless steel pipe up to 426 mm in diameter equal to 18.96% of the customs value took effect on February 26, 2016.
The duty on pipe from Centravis Production Ukraine and Interpipe Niko Tube LLC is 4.32% of the customs value.
The decision took effect in 30 calendar days from the moment of its official publication. The duties are in effect until February 26, 2021.
Interpipe told Interfax-Ukraine that Interpipe Niko Tube LLC does not produce stainless steel pipes.
“We could roll the pipes under an order of another company that included our data into the documents,” Interpipe said.
As reported, imports of stainless steel pipe to the EEU nations fell 28.7% in 2011-2014, imports of pipe from Ukraine rose 15.9% in that period. The share of Ukrainian pipe in total imported pipe rose to 54% in 2014 from 33.2% in 2011.
Meanwhile, prices for Ukrainian pipe declined 9.1% in 2011-2014, while prices from suppliers in other countries rose 20.5%. Price offers from Ukrainian manufacturers of seamless, stainless steel pipe declined as much as 29.33% at purchase tenders held by EEU states. The markdowns amounted to about 13% in 2015.
Based on the results of the investigation, the anti-dumping duty was set at 18.96%.
As a result of the pressure from Ukrainian producers in 2011-2014, the weighted-average price of the pipe products at manufacturers in EEU countries declined 2.5%, although weighted-average costs increased 5.7%. That reduced sales margins to an extremely low level: 80% below the 2011 level and 85% below the 2013 level. Earnings for producers of seamless, stainless steel pipe in the EEU countries plunged 73.9% in 2011-2014.
The Eurasian Economic Commission began the anti-dumping investigation into imports from Ukrainian pipe manufacturers in February 2015.
The investigation was launched based on statements submitted by OJSC Volzhsky Pipe Plant, TMK-INOX LLC, Pervouralsky Novotrubny Zavod and Chelyabinsk Tube Rolling Plant (ChelPipe).
