Transcript Document

METAL EXPERT
INTERNATIONAL STEEL PLATE
CONFERENCE
Clara Van Hemelrijck, Van Bael & Bellis (Brussels)
Frankfurt, 2 March 2015
AD investigations in the EU – Overview
 Anti-dumping measures have often been used by the EU industry
against unfair imports of steel products
 The “protectionist” era against general types of HRC, CRC and GOES is
probably over, while new AD/AS proceedings against specialty and
more narrowly defined products are still very likely
 China remains the main target of anti-dumping actions by the EU
 EUROFER actively monitors steel imports and is prepared to request
initiations of new TDI proceedings in the EU
Product category
Iron and steel (including iron and
steel products)
Source: EU Commission Annual Report (2014)
2010
2011
2012
2013
2014
3
6
11
1
9
EUROFER is an active user of trade defense
instruments
From EUROFER’s recent statement (14/01/2015) on foreign tradedistorting industrial policies and their impact on the recovery of the
European steel industry:
European imports of Chinese boron-alloyed steel products surged
in the first 10 months of 2014 year-on-year by +83% (plate) and
+375% (rebar).
“Trade-distorting industrial policies by third countries are
detrimental to the recovery of the European steel industry and
destroy jobs in Europe”, Eggert says. “The EU must vigorously act to
re-establish fair trade for European steelmakers. We strongly
welcome the Commission’s awareness of the problem.”
http://www.eurofer.be/News%26Media/Press%20releases/Foreign%20trade%20distorting%20ind%20p
olicy.fhtml
Treatment of China in Anti-dumping investigations
 Currently China is treated as a non-market economy (non-MET)
country for purposes of anti-dumping investigations;
 Non-MET status affects determination of Normal Value of Chinese
exporters and the resulting dumping margin;
 In practice, non-MET status leads to higher anti-dumping measures;
 European Commission is currently considering whether to grant
China a fully-fledged market economy status (MET) at the end of
2016 on the basis of China’s WTO accession protocol.
Treatment of China in Anti-subsidy investigations
 Anti-subsidy investigations assess whether a given industry in an
export country benefits from illegal subsidization which causes injury
to the EU producers.
 Examples of subsidy programs/schemes in China:
 VAT rebates and refunds,
 export loans, income tax credit,
 provision of main raw materials at non-market prices,
 preferential tax policies, local tax discounts, etc.
 One anti-subsidy measure is in force against imports of Chinese steel
and one investigation is presently on-going :
 Certain organic coated steel products (measures in force);
 Stainless steel cold rolled flat products (investigation pending).
New investigations in the EU
Stainless steel cold rolled flat products
(initiated 26 June 2014 – anti-dumping investigation)
(Initiated 14 August 2014 – anti-subsidy investigation)
 Product: Flat rolled products of stainless steel, no further worked than cold
rolled (cold-reduced)
 Complainant: EUROFER
 Provisional measures: 26.03.2015 (AD), 14.05.2015 (AS) | Definitive
measures: 25.09.2015 (AD), 12.09.2015 (AS)
 Target countries: China and Taiwan (AD), China (AS)
Country
Imports to EU
2012
Alleged dumping
2013
Volume, MT
% of total
imports
Volume, MT
% of total
imports
China
93 194
16,9%
148 220
21,2%
10%-20%
Taiwan
133 696
24,2%
169 948
24,4%
15%-25%
New AD investigations in the EU
Grain-oriented flat-rolled products of electrical steel




(Initiated on 14 August 2014)
Product: grain-oriented flat-rolled products of silicon-electrical steel, of a
thickness of more than 0,16 mm
Complainant: EUROFER
Provisional measures: 15.05.2015 | Definitive measures: 13.11.2015
Target countries:
Country
Imports to EU
2012
Alleged dumping
2013
Volume, MT
Market
share, %
Volume, MT
Market
share, %
JAPAN
[…]
14.2%
[…]
13.7%
17-33%
CHINA
7 926
2.2%
4 977
1.5%
15-42%
KOREA
13 453
3.8%
18 789
5.7%
23-38%
RUSSIA
58 390
16.4%
56 436
17.2%
21-76%
USA
37 415
10.5%
20 513
6.3%
8-48%
Trade-defense measures in the EU against steel imports
Country
CHINA
Product
Organic coated
steel products
Type of
investigation
Normal
expiry
Initiation of
original
investigation
Amount of
duties
(min – max)
2012 (AS)
2011 (AD)
13,7% - 44,7%
(AS) 5,9% 26,1% (AD)
AD / AS
2018
Stainless steel coldCHINA, TAIWAN
rolled flat products
AD / AS
(pending
investigation)
2014
Grain-oriented flatCHINA, JAPAN,
rolled products of
KOREA, RUSSIA,
silicon-electrical
USA
steel
AD
(pending
investigation)
2014
CHINA, KOREA,
Silicon metal
TAIWAN
AD
2015
1989
Stainless steel
cold-rolled flat
products
16,3% - 19%
Trade-defense measures in the EU against steel products
Country
Product
Seamless pipes and tubes of
stainless steel
Seamless pipes and tubes, of
iron or steel
CHINA
(pending ER)
Wire rod
(pending ER)
PSC wires and strands
(pending ER)
Fasteners, iron or steel
(pending ER)
CHINA,
THAILAND
Threaded tube or pipe cast
fittings, of malleable cast
iron (MTF)
Seamless pipes and tubes, of
iron or steel
RUSSIA,
UKRAINE
MALAYSIA
Fasteners, iron or steel
CHINA,
Stainless steel fasteners and
PHILIPPINES
parts thereof
TAIWAN
Type of Normal Initiation of
investiga expiry
original
tion
investigation
Amount of
duties
(min – max)
AD
2016
2011
48,3%-71,9%
AD
2014
2008
17,7% - 39,2%
AD
2014
2008
7,9% - 24,0%
AD
2014
2008
31.1% - 46,2%
AD
2014
2009
0-74,1%
AD
2018
2013
14,9%-57,8%
AD
2017
2006
12,3-35,8%
AD
2017
2011
0-74,1%
AD
2017
2004
8,8% - 27,5%
Trade-defense measures in the EU against steel products
Country
Product
Type of
investigatio
n
MOROCCO, CHINA,
KOREA, MOLDOVA,
UKRAINE
Steel ropes and cables
AD
2017
1998
51,8% - 60,4%
AS
2016
2010
3,3% - 4,3%
AD
(INV)
2014
AD / AS
AD
2018
2018
2012
2011
3,0% - 3,7%
2,9% - 23,8%
AD
2014
1994
7,4% - 58,6%
AD
AD
(ER)
2017
2001
2005
44,0% - 59,2%
12,3% - 27,2%
AD
2013
2007
10,1% - 90,6%
Stainless steel bars
(certain)
Tubes and pipes of ductile
INDIA
cast iron
Stainless steel wires
TURKEY, RUSSIA Tube and pipe fittings of
iron or steel
CHINA, THAILAND Tube or pipe fittings of
iron or steel (pending ER for
China, measures expired for
Thailand)
MALAYSIA, KOREA
Tube or pipe fittings
UKRAINE, RUSSIA Seamless pipes and tubes,
of iron or non-alloy steel
BELARUS, CHINA, Welded tubes and pipes of
RUSSIA, UKRAINE
iron or non-alloy steel
(pending ER)
Normal
expiry
Initiation of
original
investigation
Amount of
duties
(min – max)
Conclusions
 TDI instrument in the EU remains costly, not very fast
(investigation lasts at least 12 months) and often
involving greater politics
 New Commission is unlikely to change this trend as its
main focus for 2015 agenda is the TTIP
 New entrants actively start using TDI: Brazil, Customs
Union of Russia-Kazakhstan-Belarus, Egypt, Turkey,
Morocco
 EUROFER will remain vigilant and may promptly request
initiations of TDI proceedings against if unfair imports
would increase into the EU
Thank you for your attention
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