EEU imposes anti-dumping measures on seamless, stainless steel pipe from Ukraine
MOSCOW. Jan 27 (Interfax) - The Eurasian Economic Commission, the regulating body of the Eurasian Economic Union (EEU), has imposed an 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.
The duty on pipe from Centravis Production Ukraine and Interpipe Niko Trub LLC is 4.32% of the customs value, the Commission said.
Although import 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 anti-dumping duty enters force 30 days from its official publication.
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) .
