COMMISSION IMPLEMENTING REGULATION (EU) 2022/1305
of 25 July 2022
imposing a definitive anti-dumping duty on imports of molybdenum wire originating in the People’s Republic of China following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council
1.
PROCEDURE
1.1.
Previous investigations and measures in force
1.2.
Request for an expiry review
1.3.
Initiation of an expiry review
1.4.
Review investigation period and period considered
1.5.
Interested parties
1.6.
Sampling
(a)
No sampling of Union producers
(b)
Sampling of importers
(c)
Sampling of producers in China
1.7.
Replies to the questionnaire
(a)
Verification
(b)
Subsequent procedure
2.
PRODUCT UNDER REVIEW AND LIKE PRODUCT
2.1.
Product under review
2.2.
Like product
3.
DUMPING
3.1.
Preliminary remarks
3.2.
Continuation of dumping of imports during the review investigation period
3.2.1.
Procedure for the determination of the normal value under Article 2(6a) of the basic Regulation
3.2.2.
Normal value
3.2.3.
Existence of significant distortions
3.2.3.1.
Normal Value
3.2.4.
Representative country
3.2.4.1.
General remarks
3.2.4.2.
A level of economic development similar to the PRC
3.2.4.3.
Availability of relevant data in India
3.2.4.4.
Conclusion on India as an appropriate source
3.2.5.
Factors of production
Factor of Production |
Commodity Code |
Source of data |
EUR/kg of produced Molybdenum wire |
Raw materials |
|||
Molybdenum oxide |
28 25 70 10 |
Global Trade Alert (GTA)(39) |
32,44 |
Consumables |
|||
Tools, spare parts, supplies, maintenance, leasing costs, infrastructure and depreciation |
[N/A] |
Financial accounts |
Percentage of manufacturing costs |
Labour |
|||
Labour |
[N/A] |
National statistics (Labour bureau of India data on Maharashtra) and cross-checked against World Bank data. |
0,06 |
Energy |
|||
Electricity |
[N/A] |
National/State-level statistics (Maharashtra Electricity Regulatory Commission). |
2,71 |
3.2.5.1.
Raw materials
3.2.5.2.
Labour
3.2.5.3.
Electricity
3.2.5.4.
Manufacturing overhead costs, SG&A, profits and depreciation
3.2.6.
Calculation of the normal value
3.2.7.
Export price
3.2.8.
Comparison
3.2.9.
Dumping margin
4.
LIKELIHOOD OF CONTINUATION OF DUMPING
4.1.
Production capacity and spare capacity in China
4.2.
Relation between export prices to third countries and the price level in the Union
4.3.
Attractiveness of the Union market
4.4.
Circumvention practices
4.5.
Conclusion
5.
INJURY
5.1.
Definition of the Union industry (UI) and Union production
5.2.
Union consumption
|
2017 |
2018 |
2019 |
Review investigation period |
Total Union consumption |
[208 000 -243 000 ] |
[207 000 -242 000 ] |
[157 000 -184 000 ] |
[148 000 -174 000 ] |
Index |
100 |
99 |
76 |
72 |
Source: verified macro- and microeconomic questionnaire replies and Article 14(6) database. |
5.3.
Imports from the country concerned
5.3.1.
Volume and market share of the imports from the country concerned
|
2017 |
2018 |
2019 |
Review Investigation period |
Volume of imports from the country concerned (kg) |
[190 -220 ] |
[160 -190 ] |
[250 -290 ] |
[520 -610 ] |
Index |
100 |
84 |
130 |
271 |
Market share |
0,1 % |
0,1 % |
0,2 % |
0,4 % |
Index |
100 |
84 |
172 |
380 |
Source: Article 14(6) database and verified macroeconomic questionnaire reply. |
5.3.2.
Prices of the imports from the country concerned and price undercutting
|
2017 |
2018 |
2019 |
Review investigation period |
PRC |
79,05 |
60,40 |
33,65 |
33,80 |
Index |
100 |
76 |
43 |
43 |
Source: Art. 14.6 database. |
5.4.
Imports from third countries other than the PRC
Country |
|
2017 |
2018 |
2019 |
Review investigation period |
Total of all third countries except the PRC |
Volume (kg) |
[340 -400 ] |
[240 -280 ] |
[90 -110 ] |
[380 -450 ] |
|
Index |
100 |
69 |
27 |
112 |
|
Market share |
0,2 % |
0,1 % |
0,1 % |
0,3 % |
|
Index |
100 |
70 |
36 |
157 |
|
Average price (EUR/kg) |
134,40 |
96,23 |
96,14 |
147,59 |
|
Index |
100 |
72 |
72 |
110 |
Source: Article 14(6) database and verified macroeconomic questionnaire reply. |
5.5.
Economic situation of the Union industry
5.5.1.
General remarks
5.5.2.
Macroeconomic indicators
5.5.2.1.
Production, production capacity and capacity utilisation
|
2017 |
2018 |
2019 |
Review investigation period |
Production volume (kg) (index) |
100 |
111 |
75 |
70 |
Production capacity (kg) (index) |
100 |
100 |
85 |
80 |
Capacity utilisation (index) |
100 |
111 |
88 |
87 |
Source: verified macro- and microeconomic questionnaire replies. |
5.5.2.2.
Sales volume and market share
|
2017 |
2018 |
2019 |
Review investigation period |
Sales (index) |
100 |
99 |
76 |
71 |
Market share |
99,7 % |
99,8 % |
99,8 % |
99,4 % |
Index |
100 |
100 |
100 |
100 |
Captive market sales |
0 |
0 |
0 |
0 |
Source: verified macro- and microeconomic questionnaire replies. |
5.5.2.3.
Growth
5.5.2.4.
Employment and productivity
|
2017 |
2018 |
2019 |
Review investigation period |
Number of employees (index) |
100 |
133 |
125 |
125 |
Productivity (index) |
100 |
94 |
67 |
64 |
Source: verified macro- and microeconomic questionnaire replies. |
5.5.2.5.
Magnitude of the dumping margin and recovery from past dumping
5.5.3.
Microeconomic indicators
5.5.3.1.
Prices and factors affecting prices
|
2017 |
2018 |
2019 |
Review investigation period |
Average unit sales price in the Union on the total market (index) |
100 |
99 |
108 |
100 |
Unit cost of production (index) |
100 |
107 |
118 |
100 |
Source: Verified questionnaire reply. |
5.5.3.2.
Labour costs
|
2017 |
2018 |
2019 |
Review investigation period |
Average labour costs per employee – index (EUR) |
100 |
142 |
114 |
115 |
Source: Verified questionnaire reply. |
5.5.3.3.
Inventories
|
2017 |
2018 |
2019 |
Review investigation period |
Closing stocks – index (kg) |
100 |
72 |
142 |
115 |
Closing stocks as a percentage of production –index |
100 |
57 |
171 |
144 |
Source: Verified questionnaire reply. |
5.5.3.4.
Profitability, cash flow, investments, return on investments and ability to raise capital
|
2017 |
2018 |
2019 |
Review investigation period |
Profitability of sales in the Union to unrelated customers – index (% of sales turnover) |
100 |
56 |
45 |
83 |
Cash flow index (EUR) |
100 |
87 |
61 |
112 |
Investments index (EUR) |
100 |
728 |
2 772 |
4 901 |
Return on investments – index |
100 |
30 |
38 |
60 |
Source: Verified questionnaire reply. |