COMMISSION IMPLEMENTING REGULATION (EU) 2021/854
of 27 May 2021
imposing a provisional anti-dumping duty on imports of stainless steel cold-rolled flat products originating in India and Indonesia
1.
PROCEDURE
1.1.
Initiation
1.2.
Registration
1.3.
Interested parties
1.4.
Sampling
1.4.1.
Sampling of Union producers
1.4.2.
Sampling of importers
1.4.3.
Sampling of exporting producers in the countries concerned
1.4.3.1. India
1.4.3.2. Indonesia
1.5.
Questionnaire replies
1.6.
Verification visits
1.7.
Investigation period and period considered
2.
PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Product concerned
2.2.
Like product
2.3.
Claims regarding product scope
3.
DUMPING
3.1.
Preliminary remark
3.2.
India
3.2.1.
Cooperation and partial application of Article 18 of the basic Regulation
3.2.2.
Normal value
3.2.3.
Export price
3.2.4.
Comparison
3.2.5.
Dumping margins
Company |
Provisional dumping margin |
Jindal Group |
13,6 % |
Chromeni |
36,9 % |
All other companies |
36,9 % |
3.3.
Indonesia
3.3.1.
Cooperation and application of Article 18 of the basic Regulation
3.3.2.
Normal value
3.3.3.
Export price
3.3.4.
Comparison
3.3.5.
Dumping margins
Company |
Provisional dumping margin |
Jindal Group |
20,2 % |
IRNC group |
19,9 % |
All other companies |
20,2 % |
4.
INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Union consumption
|
2017 |
2018 |
2019 |
IP |
Union consumption |
3 873 092 |
3 717 114 |
3 442 541 |
3 206 766 |
Index |
100 |
96 |
89 |
83 |
Source: Eurofer, sampled Union producers and Eurostat |
4.3.
Imports from the countries concerned
4.3.1.
Cumulative assessment of the effects of imports from the countries concerned
4.3.2.
Volume and market share of imports from the countries concerned
|
2017 |
2018 |
2019 |
IP |
India |
114 865 |
120 729 |
105 359 |
108 885 |
Index |
100 |
105 |
92 |
95 |
Market share |
3,0 % |
3,2 % |
3,1 % |
3,4 % |
Index |
100 |
110 |
103 |
114 |
Indonesia |
13 830 |
34 648 |
72 739 |
89 131 |
Index |
100 |
251 |
526 |
644 |
Market share |
0,4 % |
0,9 % |
2,1 % |
2,8 % |
Index |
100 |
261 |
592 |
778 |
Total countries concerned |
128 695 |
155 377 |
178 098 |
198 016 |
Index |
100 |
121 |
138 |
154 |
Market share |
3,3 % |
4,2 % |
5,2 % |
6,2 % |
Index |
100 |
126 |
156 |
186 |
Source: Eurostat |
4.3.3.
Prices of the imports from the countries concerned and price undercutting
|
2017 |
2018 |
2019 |
IP |
India |
2 080 |
2 173 |
2 075 |
2 073 |
Index |
100 |
104 |
100 |
100 |
Indonesia |
1 818 |
1 923 |
1 917 |
1 962 |
Index |
100 |
106 |
105 |
108 |
Average of the countries concerned |
2 052 |
2 117 |
2 010 |
2 023 |
Index |
100 |
103 |
98 |
99 |
Source: Eurostat |
4.4.
Economic situation of the Union industry
4.4.1.
General remarks
4.4.2.
Macroeconomic indicators
4.4.2.1. Production, production capacity and capacity utilisation
|
2017 |
2018 |
2019 |
IP |
Total Union production (tonnes) |
3 708 262 |
3 640 429 |
3 379 817 |
3 111 804 |
Index |
100 |
98 |
91 |
84 |
Production capacity (tonnes) |
4 405 623 |
4 517 379 |
4 530 146 |
4 572 365 |
Index |
100 |
103 |
103 |
104 |
Capacity utilisation |
84% |
81% |
75% |
68% |
Index |
100 |
96 |
89 |
81 |
Source: Eurofer |
4.4.2.2. Sales volume and market share
|
2017 |
2018 |
2019 |
IP |
Union industry sales volumes (tonnes) |
2 735 448 |
2 711 044 |
2 530 259 |
2 330 537 |
Index |
100 |
99 |
92 |
85 |
Market share |
70,6 % |
72,9 % |
73,5 % |
72,7 % |
Index |
100 |
103 |
104 |
103 |
Source: Eurofer and Eurostat |
4.4.2.3. Growth
4.4.2.4. Employment and productivity
|
2017 |
2018 |
2019 |
IP |
Number of employees |
13 411 |
13 495 |
13 968 |
13 660 |
Index |
100 |
101 |
104 |
102 |
Productivity (tonnes per staff) |
277 |
270 |
242 |
228 |
Index |
100 |
98 |
88 |
82 |
Source: Eurofer |
4.4.2.5. Magnitude of the dumping margin and recovery from past dumping
4.4.3.
Microeconomic indicators
4.4.3.1. Prices and factors affecting prices
|
2017 |
2018 |
2019 |
IP |
Average unit sales price (EUR/tonne) |
2 252 |
2 312 |
2 206 |
2 175 |
Index |
100 |
103 |
98 |
97 |
Unit cost of production (EUR/tonne) |
1 958 |
2 064 |
2 019 |
2 013 |
Index |
100 |
105 |
103 |
103 |
Source: Sampled Union producers |
4.4.3.2. Labour costs
|
2017 |
2018 |
2019 |
IP |
Average labour costs per FTE (EUR) |
72 366 |
70 663 |
71 659 |
70 324 |
Index |
100 |
98 |
99 |
97 |
Source: Sampled Union producers |
4.4.3.3. Inventories
|
2017 |
2018 |
2019 |
IP |
Closing stocks (tonnes) |
125 626 |
148 777 |
125 480 |
98 835 |
Index |
100 |
118 |
100 |
79 |
Closing stocks as a percentage of production |
5,54 % |
6,53 % |
6,09 % |
5,13 % |
Index |
100 |
118 |
110 |
93 |
Source: Sampled Union producers |
4.4.3.4. Profitability, cash flow, investments and return on investments, and ability to raise capital
|
2017 |
2018 |
2019 |
IP |
Profitability of sales in the Union to unrelated customers (% of sales turnover) |
7,6 % |
6,0 % |
1,5 % |
0,4 % |
Index |
100 |
79 |
19 |
6 |
Cash flow (EUR) |
387 200 359 |
273 674 277 |
237 840 311 |
184 024 688 |
Index |
100 |
71 |
61 |
48 |
Investments (EUR) |
111 578 442 |
111 637 871 |
96 541 925 |
96 585 152 |
Index |
100 |
100 |
87 |
87 |
Return on investments |
20 % |
15 % |
6 % |
4 % |
Index |
100 |
75 |
31 |
20 |
Source: Sampled Union producers |
4.5.
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 |
Taiwan |
Volume (tonnes) |
199 553 |
223 110 |
185 618 |
165 540 |
Index |
100 |
112 |
93 |
83 |
|
Market share |
5,2 % |
6,0 % |
5,4 % |
5,2 % |
|
Index |
100 |
116 |
105 |
100 |
|
Average price (EUR/tonne) |
1 668 |
1 749 |
1 684 |
1 655 |
|
Index |
100 |
105 |
101 |
99 |
|
Republic of Korea |
Volume (tonnes) |
147 696 |
165 812 |
160 947 |
164 882 |
Index |
100 |
112 |
109 |
112 |
|
Market share |
3,8 % |
4,5 % |
4,7 % |
5,1 % |
|
Index |
100 |
117 |
123 |
135 |
|
Average price (EUR/tonne) |
1 859 |
1 944 |
1 860 |
1 853 |
|
Index |
100 |
105 |
100 |
100 |
|
South Africa |
Volume (tonnes) |
98 063 |
88 913 |
94 567 |
81 537 |
Index |
100 |
91 |
96 |
83 |
|
Market share |
2,5 % |
2,4 % |
2,7 % |
2,5 % |
|
Index |
100 |
94 |
108 |
100 |
|
Average price (EUR/tonne) |
2 004 |
2 013 |
1 831 |
1 785 |
|
Index |
100 |
100 |
91 |
89 |
|
Other third countries |
Volume (tonnes) |
563 637 |
372 858 |
293 052 |
266 255 |
Index |
100 |
66 |
52 |
47 |
|
Market share |
14,6 % |
10,0 % |
8,5 % |
8,3 % |
|
Index |
100 |
69 |
58 |
57 |
|
Average price (EUR/tonne) |
2 051 |
2 345 |
2 319 |
2 407 |
|
Index |
100 |
114 |
113 |
117 |
|
Total of all third countries except the countries concerned |
Volume (tonnes) |
1 008 949 |
850 693 |
734 184 |
678 213 |
Index |
100 |
84 |
73 |
67 |
|
Market share |
26,1 % |
22,9 % |
21,3 % |
21,1 % |
|
Index |
100 |
88 |
82 |
81 |
|
Average price (EUR/tonne) |
1 942 |
2 076 |
1 995 |
2 014 |
|
Index |
100 |
107 |
103 |
104 |
|
Source: Eurostat |
5.2.2.
Decrease in consumption
5.2.3.
Export performance of the Union industry
|
2017 |
2018 |
2019 |
IP |
Export volume (tonnes) |
450 587 |
450 687 |
410 840 |
374 378 |
Index |
100 |
100 |
91 |
83 |
Average price (EUR/tonne) |
2 369 |
2 524 |
2 428 |
2 394 |
Index |
100 |
107 |
102 |
101 |
Source: Sampled Union producers, Eurofer |
5.2.4.
Impact of raw material prices
5.2.5. Price behaviour of the Union producers
5.3.
Conclusion on causation
6.
LEVEL OF MEASURES
6.1.
Underselling margin
Country |
Company |
Dumping margin |
Underselling margin |
India |
Jindal Stainless Limited and Jindal Stainless Hisar Limited |
13,6 % |
23,2 % |
Chromeni Steels Private Limited |
36,9 % |
34,6 % |
|
All other companies |
36,9 % |
34,6 % |
|
Indonesia |
IRNC |
19,9 % |
32,3 % |
Jindal Stainless Indonesia |
20,2 % |
31,8 % |
|
All other companies |
20,2 % |
32,3 % |
6.2.
Examination of the margin adequate to remove the injury to the Union industry
6.3.
Conclusion
Country |
Company |
Provisional anti-dumping duty |
India |
Jindal Stainless Limited and Jindal Stainless Hisar Limited |
13,6 % |
Chromeni Steels Private Limited |
34,6 % |
|
All other companies |
34,6 % |
|
Indonesia |
IRNC |
19,9 % |
Jindal Stainless Indonesia |
20,2 % |
|
All other companies |
20,2 % |
7.
UNION INTEREST
7.1.
Interest of the Union industry
7.2.
Interest of unrelated importers and users
7.3.
Conclusion on Union interest
8.
PROVISIONAL ANTI-DUMPING MEASURES
Country |
Company |
Provisional anti-dumping duty |
India |
Jindal Stainless Limited and Jindal Stainless Hisar Limited |
13,6 % |
Chromeni Steels Private Limited |
34,6 % |
|
All other companies |
34,6 % |
|
Indonesia |
IRNC |
19,9 % |
Jindal Stainless Indonesia |
20,2 % |
|
All other companies |
20,2 % |
9.
REGISTRATION
10.
INFORMATION AT PROVISIONAL STAGE
11.
FINAL PROVISIONS
Article 1
Country |
Company |
Provisional anti-dumping duty |
TARIC additional code |
India |
Jindal Stainless Limited |
13,6 % |
C654 |
Jindal Stainless Hisar Limited |
13,6 % |
C655 |
|
Chromeni Steels Private Limited |
34,6 % |
C656 |
|
All other Indian companies |
34,6 % |
C999 |
|
Indonesia |
IRNC |
19,9 % |
C657 |
Jindal Stainless Indonesia |
20,2 % |
C658 |
|
All other Indonesian companies |
20,2 % |
C999 |