COMMISSION IMPLEMENTING REGULATION (EU) 2022/1395
of 11 August 2022
imposing a definitive anti-dumping duty on imports of certain corrosion resistant steels originating in Russia and Turkey
1.
PROCEDURE
1.1.
Initiation
1.2.
Interested parties
1.3.
Sampling
1.3.1.
Sampling of Union producers
1.3.2.
Sampling of importers
1.3.3.
Sampling of exporting producers in Russia
1.3.4.
Sampling of exporting producers Turkey
1.4.
Individual examination
1.5.
Questionnaire replies
1.6.
Verification visits
1.7.
Investigation period and period considered
1.8.
Non-imposition of provisional measures
1.9.
Subsequent procedure
2.
PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Product concerned
2.2.
Like product
2.3.
Claims regarding product scope
3.
DUMPING
3.1.
Russia
3.1.1.
Normal value
3.1.2.
Export price
3.1.3.
Comparison
3.1.4.
Dumping margins
Company |
Dumping margin |
PJSC Magnitogorsk Iron and Steel Works |
36,6 % |
Novolipetsk Steel |
12,7 % |
PAO Severstal |
39,8 % |
All other companies |
39,8 % |
3.2.
Turkey
3.2.1.
Normal value
3.2.2.
Export price
3.2.3.
Comparison
3.2.4.
Dumping margins
Company |
Dumping margin |
MMK Turkey |
10,5 % |
Tatmetal |
2,4 % |
Tezcan |
11,0 % |
Cooperating not sampled companies |
8,0 % |
All other companies |
11,0 % |
4.
INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Determination of the relevant Union market
4.2.1.
Captive and free market
4.2.2.
Statistical data
4.3.
Union consumption
|
2017 |
2018 |
2019 |
IP |
Total Union consumption |
11 494 857 |
11 062 815 |
11 306 869 |
10 691 239 |
Index (2017 = 100) |
100 |
96 |
98 |
93 |
Captive market |
2 504 391 |
2 667 375 |
2 358 802 |
2 167 741 |
Index (2017 = 100) |
100 |
107 |
94 |
87 |
Free market |
8 990 466 |
8 395 440 |
8 948 067 |
8 523 498 |
Index (2017 = 100) |
100 |
93 |
100 |
95 |
Source: Eurofer, sampled Union producers and Surveillance 2 (adjusted) |
4.4.
Imports from the countries concerned
4.4.1.
Cumulative assessment of the effects of imports from the countries concerned
4.4.2.
Volume and market share of the imports from the countries concerned
|
2017 |
2018 |
2019 |
IP |
Turkey (tonnes) |
84 581 |
166 295 |
529 087 |
796 524 |
Index (2017 = 100) |
100 |
197 |
626 |
942 |
Market share (%) |
0,9 |
2,0 |
5,9 |
9,3 |
Index (2017 = 100) |
100 |
211 |
629 |
997 |
Russia (tonnes) |
112 062 |
175 772 |
240 240 |
300 729 |
Index (2017 = 100) |
100 |
157 |
214 |
268 |
Market share (%) |
1,2 |
2,1 |
2,7 |
3,5 |
Index (2017 = 100) |
100 |
168 |
215 |
284 |
Total countries concerned |
196 643 |
342 067 |
769 327 |
1 097 253 |
Index (2017 = 100) |
100 |
174 |
391 |
558 |
Market share (%) |
2,2 |
4,1 |
8,6 |
12,9 |
Index (2017 = 100) |
100 |
186 |
393 |
589 |
Source: Surveillance 2 (tonnes) and Eurofer |
4.4.3.
Prices of the imports from the countries concerned and price undercutting/price depression
|
2017 |
2018 |
2019 |
IP |
Turkey |
659 |
657 |
616 |
564 |
Index (2017 = 100) |
100 |
100 |
93 |
85 |
Russia |
639 |
643 |
598 |
548 |
Index (2017 = 100) |
100 |
101 |
94 |
86 |
Total countries concerned |
648 |
650 |
611 |
559 |
Index (2017 = 100) |
100 |
100 |
94 |
86 |
Source: Surveillance 2 |
4.5.
Economic situation of the Union industry
4.5.1.
General remarks
4.5.2.
Macroeconomic indicators
4.5.2.1. Production, production capacity and capacity utilisation
|
2017 |
2018 |
2019 |
IP |
Production volume (tonnes) |
10 915 729 |
10 870 843 |
10 757 441 |
9 797 517 |
Index (2017 = 100) |
100 |
100 |
99 |
90 |
Production capacity (tonnes) |
12 110 762 |
12 107 279 |
13 240 172 |
13 340 130 |
Index (2017 = 100) |
100 |
100 |
109 |
110 |
Capacity utilisation (%) |
90 |
90 |
81 |
73 |
Index (2017 = 100) |
100 |
100 |
90 |
81 |
Source: Eurofer and sampled Union producers |
4.5.2.2. Sales volume and market share
|
2017 |
2018 |
2019 |
IP |
Free market sales |
6 656 755 |
6 573 138 |
6 780 245 |
6 586 657 |
Index (2017 = 100) |
100 |
99 |
102 |
99 |
Market share of free market sales (%) |
74,0 |
78,3 |
75,8 |
77,3 |
Index (2017 = 100) |
100 |
106 |
102 |
104 |
Source: Eurofer, sampled Union producers |
|
2017 |
2018 |
2019 |
IP |
Captive market |
2 504 391 |
2 667 375 |
2 358 802 |
2 167 741 |
Index (2017 = 100) |
100 |
107 |
94 |
87 |
The share of captive market over the total Union production (%) |
22,9 |
24,5 |
21,9 |
22,1 |
Index (2017 = 100) |
100 |
107 |
96 |
96 |
Source: Eurofer, sampled Union producers |
4.5.2.3. Growth
4.5.2.4. Employment and productivity
|
2017 |
2018 |
2019 |
IP |
Number of employees |
8 389 |
8 731 |
9 751 |
9 238 |
Index (2017 = 100) |
100 |
104 |
116 |
110 |
Productivity (tonnes/employee) |
1 301 |
1 245 |
1 103 |
1 061 |
Index (2017 = 100) |
100 |
96 |
85 |
82 |
Source: Eurofer and sampled Union producers |
4.5.2.5. Magnitude of the dumping margin and recovery from past dumping
4.5.3.
Microeconomic indicators
4.5.3.1. Prices and factors affecting prices
|
2017 |
2018 |
2019 |
IP |
Average unit sales price on the free market (EUR/tonne) |
662 |
674 |
616 |
584 |
Index (2017 = 100) |
100 |
102 |
93 |
88 |
Unit cost of production (EUR/tonne) |
622 |
664 |
638 |
578 |
Index (2017 = 100) |
100 |
107 |
103 |
93 |
Source: Sampled Union producers |
4.5.3.2. Labour costs
|
2017 |
2018 |
2019 |
IP |
Average labour costs per employee (EUR) |
32 916 |
33 372 |
33 007 |
31 075 |
Index (2017 = 100) |
100 |
101 |
100 |
94 |
Source: Sampled Union producers |
4.5.3.3. Inventories
|
2017 |
2018 |
2019 |
IP |
Closing stocks (tonnes) |
170 054 |
166 651 |
173 225 |
107 317 |
Index (2017 = 100) |
100 |
98 |
102 |
63 |
Closing stocks as a percentage of production |
5,9 |
5,3 |
6,0 |
3,9 |
Index (2017 = 100) |
100 |
90 |
101 |
65 |
Source: Sampled Union producers |
4.5.3.4. Profitability, cash flow, investments, return on investments and ability to raise capital
|
2017 |
2018 |
2019 |
IP |
Profitability of sales in the Union to unrelated customers (% of sales turnover) |
6,2 |
2,1 |
-2,6 |
0,4 |
Index (2017 = 100) |
100 |
34 |
-42 |
6 |
Cash flow (EUR) |
120 781 208 |
101 695 104 |
16 255 709 |
104 970 075 |
Index (2017 = 100) |
100 |
84 |
13 |
87 |
Investments (EUR) |
16 168 844 |
22 074 194 |
27 064 986 |
39 876 721 |
Index (2017 = 100) |
100 |
137 |
167 |
247 |
Return on investments (%) |
4,1 |
2,0 |
-1,1 |
0,6 |
Index (2017 = 100) |
100 |
49 |
-27 |
16 |
Source: Sampled Union producers |
4.5.4.
Conclusion on injury
5.
CAUSATION
5.1.
Effects of the dumped imports
5.2.
Effects of other factors
5.2.1.
Imports from third countries
Country |
|
2017 |
2018 |
2019 |
IP |
South Korea |
Volume (tonnes) |
143 873 |
180 993 |
209 248 |
248 890 |
Index (2017 = 100) |
100 |
126 |
145 |
173 |
|
Market share (%) |
1,6 |
2,2 |
2,3 |
2,9 |
|
Index (2017 = 100) |
100 |
135 |
146 |
182 |
|
Average price (EUR/tonne) |
703 |
729 |
685 |
626 |
|
Index (2017 = 100) |
100 |
104 |
97 |
89 |
|
Taiwan |
Volume (tonnes) |
69 919 |
87 803 |
140 334 |
184 158 |
Index (2017 = 100) |
100 |
126 |
201 |
263 |
|
Market share (%) |
0,8 |
1,0 |
1,6 |
2,2 |
|
Index (2017 = 100) |
100 |
134 |
202 |
278 |
|
Average price (EUR/tonne) |
624 |
675 |
656 |
624 |
|
Index (2017 = 100) |
100 |
108 |
105 |
100 |
|
India |
Volume (tonnes) |
232 677 |
126 651 |
194 355 |
169 040 |
Index (2017 = 100) |
100 |
54 |
84 |
73 |
|
Market share (%) |
2,6 |
1,5 |
2,2 |
2,0 |
|
Index (2017 = 100) |
100 |
58 |
84 |
77 |
|
Average price (EUR/tonne) |
683 |
689 |
639 |
573 |
|
Index (2017 = 100) |
100 |
101 |
94 |
84 |
|
Tunisia |
Volume (tonnes) |
0 |
29 901 |
82 426 |
85 436 |
Index (2017 = 100) |
|
100 |
276 |
2 286 |
|
Market share (%) |
0 |
0,4 |
0,9 |
1,0 |
|
Index (2017 = 100) |
|
100 |
225 |
250 |
|
Average price (EUR/tonne) |
|
648 |
600 |
570 |
|
Index (2017 = 100) |
|
100 |
93 |
88 |
|
Ukraine |
Volume (tonnes) |
19 501 |
30 165 |
25 434 |
19 140 |
Index (2017 = 100) |
100 |
155 |
130 |
98 |
|
Market share (%) |
0,2 |
0,4 |
0,3 |
0,2 |
|
Index (2017 = 100) |
100 |
166 |
131 |
104 |
|
Average price (EUR/tonne) |
635 |
645 |
593 |
538 |
|
Index (2017 = 100) |
100 |
102 |
93 |
85 |
|
China |
Volume (tonnes)(45) |
1 557 192 |
903 775 |
668 707 |
245 |
Index (2017 = 100) |
100 |
58 |
43 |
0 |
|
Market share (%) |
17,3 |
10,8 |
7,5 |
0,0 |
|
Index (2017 = 100) |
100 |
62 |
43 |
0 |
|
Average price (EUR/tonne) |
597 |
478 |
860 |
896 |
|
Index (2017 = 100) |
100 |
80 |
144 |
150 |
|
Other third countries |
Volume (tonnes) |
113 906 |
120 947 |
77 991 |
132 678 |
Index (2017 = 100) |
100 |
106 |
68 |
116 |
|
Market share (%) |
1,3 |
1,4 |
0,9 |
1,6 |
|
Index (2017 = 100) |
100 |
114 |
69 |
123 |
|
Average price (EUR/tonne) |
658 |
691 |
687 |
599 |
|
Index (2017 = 100) |
100 |
105 |
99 |
87 |
|
Total of all third countries except the countries concerned |
Volume (tonnes) |
2 137 068 |
1 480 235 |
1 398 494 |
839 588 |
Index (2017 = 100) |
100 |
69 |
65 |
39 |
|
Market share (%) |
23,8 |
17,6 |
15,6 |
9,9 |
|
Index (2017 = 100) |
100 |
74 |
66 |
41 |
|
Average price (EUR/tonne) |
636 |
695 |
655 |
603 |
|
Index (2017 = 100) |
100 |
109 |
103 |
95 |
|
Source: Surveillance 2 (adjusted) |
5.2.2.
Export performance of the Union industry
|
2017 |
2018 |
2019 |
IP |
Export volume (tonnes) |
708 037 |
657 417 |
812 594 |
748 774 |
Index (2017 = 100) |
100 |
93 |
115 |
106 |
Average price (EUR/tonne) |
608 |
672 |
600 |
589 |
Index (2017 = 100) |
100 |
110 |
99 |
97 |
Source: Eurofer (volumes), Sampled Union producers (unit price) |
5.2.3.
Evolution of demand in general
5.2.4.
Evolution of demand in the automotive sector
5.2.5.
Captive use
5.2.6.
Self-inflicted injury
5.2.7.
COVID-19 pandemic
5.2.8.
Hot-rolled coils prices
5.2.9.
Competitive state of the Union industry
5.3.
Conclusion on causation
6.
LEVEL OF MEASURES
6.1.
Injury margin
6.2.
Conclusion on the level of measures
Country |
Company |
Dumping margin (%) |
Injury margin (%) |
Definitive anti-dumping duty |
Russia |
PJSC Magnitogorsk Iron and Steel Works |
36,6 % |
37,4 % |
36,6 % |
Novolipetsk Steel |
12,7 % |
10,3 % |
10,3 % |
|
PAO Severstal |
39,8 % |
31,3 % |
31,3 % |
|
All other companies |
39,8 % |
37,4 % |
37,4 % |
|
Turkey |
MMK Turkey |
10,5 % |
13,8 % |
10,5 % |
Tatmetal |
2,4 % |
10,1 % |
2,4 % |
|
Tezcan |
11,0 % |
13,7 % |
11,0 % |
|
Other cooperating companies |
8,0 % |
12,5 % |
8,0 % |
|
All other companies |
11,0 % |
13,8 % |
11,0 % |
7.
UNION INTEREST
7.1.
Interest of the Union industry
7.2.
Interest of unrelated importers
7.3.
Interest of users
7.4.
Other factors
7.5.
Conclusion on Union interest
8.
DEFINITIVE ANTI-DUMPING MEASURES
Country |
Company |
Definitive anti-dumping duty |
Russia |
PJSC Magnitogorsk Iron and Steel Works |
36,6 % |
Novolipetsk Steel |
10,3 % |
|
PAO Severstal |
31,3 % |
|
All other companies |
37,4 % |
|
Turkey |
MMK Metalurji Sanayi Ticaret ve Liman İşletmeciliği A.Ş. |
10,5 % |
TatMetal Çelik Sanayi ve Ticaret A.Ş |
2,4 % |
|
Tezcan Galvanizli Yapi Elemanlari Sanayi ve Ticaret A.Ş. |
11,0 % |
|
Other cooperating companies |
8,0 % |
|
All other companies |
11,0 % |
9.
FINAL PROVISIONS
Article 1
Country |
Company |
Definitive anti-dumping duty |
TARIC additional code |
Russia |
PJSC Magnitogorsk Iron and Steel Works |
36,6 % |
C217 |
Novolipetsk Steel |
10,3 % |
C216 |
|
PAO Severstal |
31,3 % |
C218 |
|
All other companies |
37,4 % |
C999 |
|
Turkey |
MMK Metalurji Sanayi Ticaret ve Liman İşletmeciliği A.Ş. |
10,5 % |
C865 |
TatMetal Çelik Sanayi ve Ticaret A.Ş |
2,4 % |
C866 |
|
Tezcan Galvanizli Yapi Elemanlari Sanayi ve Ticaret A.Ş. |
11,0 % |
C867 |
|
Other cooperating companies listed in Annex |
8,0 % |
|
|
All other companies |
11,0 % |
C999 |
Article 2
Article 3
Article 4
ANNEX
Turkish cooperating exporting producers not sampled
Country |
Name |
TARIC additional code |
Turkey |
Atakaş Çelik Sanayi Ve Ticaret A.Ş. |
C868 |
Turkey |
Borçelik Çelik Sanayii Ticaret A.Ş. |
C606 |
Turkey |
Ereğli Demir ve Çelik Fabrikaları T.A.Ş. |
C869 |
Turkey |
Erdemir Çelik Servis Merkezi San. ve T. A.Ş. |
C870 |
Turkey |
Tosyalı Toyo Çelik A.Ş. |
C871 |
Turkey |
Yildizdemir Çelik San.A.Ş. |
C872 |