The European Union is considering imposing anti-dumping duties in the amount of up to 33% on hot-rolled steel from Ukraine, Russia, Brazil and Iran. The EU believes that the price of products from these countries unreasonably low.
The EU authorities have already applied more than 40 anti-dumping action to help local steel producers, but they are directed mainly against China. So, in June, was imposed the duty of 35.9% on Chinese steel products, which caused a sharp reaction from Beijing.
The EU believes that the new fees will help to reduce the pressure on imports and increase the income for European producers of steel.
It is reported that the European Commission has launched an investigation into prices for rolled steel from Brazil, Iran, Russia, Ukraine, and Serbia after a complaint from the steel Association Eurofer.
Investigation showed that hot-rolled steel from all countries, except Serbia, grew to 12.6% of the EU market this year in mid-2016 from 7.5% in 2013. The prices fell by a quarter.
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