EEC to impose five-year antidumping duty of 21.4-24.22% on ferrosilicon manganese from Georgia
MOSCOW. Dec 21 (Interfax) - The Eurasian Economic Commission (EEC) has decided to impose an antidumping duty on ferrosilicon manganese from Georgia for five years in the amount of 21.4-24.22% of the customs value depending on the producer, the EEC trade division reported.
This decision was made following an antidumping investigation begun by the EEC domestic market protection department on June 28, 2021 at the request of the Chelyabinsk Electrometallurgical Works (ChEMK), West Siberian Electrometallurgical Plant, Temirtau Electrometallurgical Plant and Kazchrome's Aksu Ferroalloys Plant.
The investigation established the existence of dumping of imported goods from Georgia and material damages to sectors of the Eurasian Economic Union's (EAEU) economy, the EEC said, remarking that imports of Georgian ferrosilicon manganese surged by 130% in 2017 after the imposition of antidumping measures against imports of this product from Ukraine.
The decision will go into effect 30 calendar days after its official publication.
At the beginning of 2022, the Russian Steel association said in materials for a second antidumping probe against ferrosilicon manganese from Ukraine that there was greater demand for ferrosilicon manganese on the domestic market than Russian producers were capable of meeting even with the artificial trade barrier.
Following this second investigation, the EEC decided at the beginning of December to extend the duty on ferrosilicon manganese from Ukraine for another five years in the amount of 26.35% of the customs value.