The European Commission has reduced the anti-dumping duty on hot-rolled flat steel imports from Egypt’s Ezz Steel to 11.7pct, down from the previously imposed provisional rate of 12.8pct, according to an official notice. The duty was initially proposed at 15.6pct, but lowered following an appeal by the company. Ezz Steel is the only Egyptian exporter of this product to the EU.
In the same decision, the Commission confirmed a 30.4pct duty on Japan-based Nippon Steel, 6.9pct on Tokyo Steel, and 30.1pct for all other Japanese exporters. For Vietnam, the EU imposed a 12.1pct duty on Formosa Ha Tinh Steel Corporation and other Vietnamese producers, except for Hoa Phat, which was exempted.
Hoa Phat successfully challenged EUROFER’s claims that the Vietnamese government provides domestic steelmakers with raw materials at artificially low prices and imposes export restrictions on coal, scrap, and iron ore.
India remains exempt from the duties, as the investigation found no evidence of dumping by Indian producers during the provisional phase. The anti-dumping investigation was launched on 8 August 2024 by the European Commission, following a complaint filed by the European Steel Association (EUROFER) on 24 June 2024.
