The European Commission (EC) has released its preliminary findings on the anti-dumping investigation into hot-rolled flat steel imports from Egypt, India, Japan, and Vietnam.
As a result, the EC has proposed provisional anti-dumping duties, set to take effect on April 7. Egyptian steel producers are expected to face a 15.6pct duty, while Japanese producers could see duties of up to 33pct, with Tokyo Steel receiving a lower 6.9pct duty. For Vietnam, all steel producers except Hoa Phat will be subject to a 12.1pct duty. The investigation found no evidence of hot-rolled flat steel dumping from India.
In response, a delegation from Egypt’s Ministry of Investment is set to meet with European Union representatives to discuss the imposition of the 15.6pct duty on Egyptian steel exports, according to Tarek El-Gioushy, a member of the Chamber of Metallurgical Industries.
Ezz Steel, Egypt’s largest steel producer, plans to formally challenge the European Commission’s methodology for calculating the provisional anti-dumping duties, a company official told local media. The EC has granted concerned parties a three-week window to submit objections.
The investigation was launched on June 24, 2024, following a complaint by the European Steel Association (Eurofer). It focuses on certain flat-rolled products of iron, non-alloy steel, and other alloy steel, including coils, cut-to-length sheets, and narrow strips that have undergone hot rolling but remain uncoated, unclad, and unplated.
The probe covers the period from April 1, 2023, to March 31, 2024, with an assessment of broader industry trends dating back to January 1, 2021. The final decision on permanent anti-dumping measures will follow further review by the European Commission.