COMMISSION IMPLEMENTING REGULATION (EU) 2024/819
of 8 March 2024
imposing a definitive anti-dumping duty on imports of certain corrosion resistant steels 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
1.7.
Sampling of Union producers
1.7.1.
Sampling of importers
1.7.2.
Sampling of exporting producers in the PRC
1.8.
Replies to the questionnaire
1.9.
Verification
1.10.
Subsequent procedure
2.
PRODUCT UNDER REVIEW, PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Product under review
2.2.
Product concerned
2.3.
Like product
3.
LIKELIHOOD OF CONTINUATION OR RECURRENCE OF DUMPING
3.1.
Preliminary remarks
3.2.
Procedure for the determination of the normal value under Article 2(6a) of the basic Regulation for the imports of CRS originating in the PRC
3.3.
Existence of significant distortions
3.4.
Representative country
3.5.
Sources used to establish undistorted costs
3.6.
Undistorted costs and benchmarks
3.6.1.
Factors of production
Factors of Production |
Commodity codes of Mexico |
Source of data |
Unit of measurement |
Applicable unit cost in CNY |
Raw Materials |
||||
Zinc – not alloyed & waste scrap |
7901 11 01 7902 00 01 |
GTA(57) |
Tonnes |
27 184,16 |
Iron Ore, Non-agglomerated |
2601 11 01 |
GTA |
Tonnes |
924,29 |
Bituminous coal, whether or not pulverised |
2701 12 01 |
GTA |
Tonnes |
1 772,34 |
Steel Scrap |
7204 41 01 |
GTA |
Tonnes |
3 686,86 |
Coke and semi-coke of coal, of lignite or of peat, whether or not agglomerated |
2704 00 01 |
GTA |
Tonnes |
3 804,46 |
Ferro-silicon, ferro-chromium, ferro-titanium |
7202 21 01 7202 41 01 7202 91 01 |
GTA |
Tonnes |
21 393,32 |
By-product/waste |
||||
Turnings, shavings, chips, milling waste, sawdust, filings, trimmings and stampings of iron or steel, whether or not in bundles (excl. those of cast iron, alloy steel or tinned iron or steel) |
7204 41 |
GTA |
Tonnes |
3 686,86 |
Energy/Utilities |
||||
Natural Gas |
n/a |
Energy Regulatory Commission, Gov. of Mexico(58) |
Gigajoule (GJ) |
40,85 |
Energy – Electricity |
n/a |
Global Petrol Prices(59) |
kWh |
1,19 |
All other raw materials, packaging, consumables |
n/a |
|
Fixed amount |
% of direct costs |
Labour |
||||
Direct labour |
n/a |
ILO |
Hours |
15,87 |
3.6.2.
Raw materials
3.6.3.
By-products
3.6.4.
Labour
3.6.5.
Electricity
3.6.6.
Natural gas
3.6.7.
Other direct costs
3.6.8.
Manufacturing overhead costs, SG&A, and profits
3.7.
Calculation of the normal value
3.8.
Export price
3.9.
Comparison and dumping margins
3.10.
Likelihood of recurrence of dumping
3.10.1.
Production capacity and spare capacity in the PRC.
3.10.2.
Export prices to third countries from the PRC
Country |
% of total ‘world’ exports of CRS from the PRC |
The price difference between the normal value and export prices per country (%) |
Thailand |
10,4 |
115,7 |
South Korea |
10,4 |
128,9 |
Brazil |
6,3 |
110,3 |
Indonesia |
4,6 |
92,3 |
Viet Nam |
3,1 |
76,8 |
Israel |
2,8 |
120,5 |
Chile |
2,7 |
97,1 |
Peru |
2,6 |
107,4 |
Japan |
2,4 |
106,5 |
3.10.3.
Attractiveness of the Union market
3.10.4.
Conclusion on the likelihood of recurrence of dumping
4.
INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Union consumption
|
2019 |
2020 |
2021 |
RIP |
||
Total Union consumption |
9 011 034 |
9 184 071 |
11 063 151 |
9 547 573 |
||
Index (2019 = 100) |
100 |
102 |
123 |
106 |
||
Captive market consumption |
1 864 394 |
1 764 931 |
2 091 845 |
1 916 305 |
||
Index 2019 = 100) |
100 |
95 |
112 |
103 |
||
Free market consumption |
7 146 640 |
7 419 141 |
8 971 306 |
7 631 268 |
||
Index (2019 = 100) |
100 |
104 |
126 |
107 |
||
|
4.3.
Imports from the country concerned
4.3.1.
Volume and market share of the imports from the country concerned
|
2019 |
2020 |
2021 |
RIP |
||
Volume of imports from the PRC (tonnes) |
196 |
232 |
10 926 |
953 |
||
Market share of imports from the PRC |
0,0 % |
0,0 % |
0,1 % |
0,0 % |
||
|
4.3.2.
Prices of the imports from the country concerned and price undercutting
|
2019 |
2020 |
2021 |
RIP |
||
Average price |
998 |
1 037 |
972 |
1 395 |
||
Index (2019 = 100) |
100 |
104 |
97 |
140 |
||
|
4.4.
Imports from third countries other than PRC
Country |
|
2019 |
2020 |
2021 |
RIP |
||
Viet Nam |
Volume (tonnes) |
28 972 |
51 241 |
744 010 |
709 484 |
||
|
Index (2019 = 100) |
100 |
177 |
2 568 |
2 449 |
||
|
Market share |
0,4 % |
0,7 % |
8,3 % |
9,3 % |
||
|
Index (2019 = 100) |
100 |
170 |
2 046 |
2 293 |
||
|
Average price (EUR/tonne) |
664 |
608 |
1 007 |
1 132 |
||
|
Index (2019 = 100) |
100 |
92 |
152 |
170 |
||
Türkiye |
Volume (tonnes) |
472 298 |
704 823 |
1 029 743 |
581 706 |
||
|
Index (2019 = 100) |
100 |
149 |
218 |
123 |
||
|
Market share |
6,6 % |
9,5 % |
11,5 % |
7,6 % |
||
|
Index (2019 = 100) |
100 |
144 |
174 |
115 |
||
|
Average price (EUR/tonne) |
615 |
562 |
934 |
1 138 |
||
|
Index (2019 = 100) |
100 |
91 |
152 |
185 |
||
Taiwan |
Volume (tonnes) |
137 310 |
164 223 |
281 377 |
362 660 |
||
|
Index (2019 = 100) |
100 |
120 |
205 |
264 |
||
|
Market share |
1,9 % |
2,2 % |
3,1 % |
4,8 % |
||
|
Index (2019 = 100) |
100 |
115 |
163 |
247 |
||
|
Average price (EUR/tonne) |
655 |
627 |
880 |
1 225 |
||
|
Index (2019 = 100) |
100 |
96 |
134 |
187 |
||
India |
Volume (tonnes) |
195 469 |
159 695 |
479 238 |
197 750 |
||
|
Index (2019 = 100) |
100 |
82 |
245 |
101 |
||
|
Market share |
2,7 % |
2,2 % |
5,3 % |
2,6 % |
||
|
Index (2019 = 100) |
100 |
79 |
195 |
95 |
||
|
Average price (EUR/tonne) |
637 |
576 |
1 023 |
1 091 |
||
|
Index (2019 = 100) |
100 |
90 |
161 |
171 |
||
South Korea |
Volume (tonnes) |
221 329 |
241 201 |
144 540 |
164 311 |
||
|
Index (2019 = 100) |
100 |
109 |
65 |
74 |
||
|
Market share |
3,1 % |
3,3 % |
1,6 % |
2,2 % |
||
|
Index (2019 = 100) |
100 |
105 |
52 |
70 |
||
|
Average price (EUR/tonne) |
683 |
622 |
862 |
1 213 |
||
|
Index (2019 = 100) |
100 |
91 |
126 |
178 |
||
Russia |
Volume (tonnes) |
182 292 |
276 474 |
278 278 |
117 971 |
||
|
Index (2019 = 100) |
100 |
152 |
153 |
65 |
||
|
Market share |
2,6 % |
3,7 % |
3,1 % |
1,5 % |
||
|
Index (2019 = 100) |
100 |
146 |
122 |
61 |
||
|
Average price (EUR/tonne) |
606 |
547 |
988 |
1 148 |
||
|
Index (2019 = 100) |
100 |
90 |
163 |
189 |
||
South Africa |
Volume (tonnes) |
– |
– |
76 165 |
107 412 |
||
|
Index (2021 = 100) |
– |
– |
100 |
141 |
||
|
Market share |
– |
– |
0,8 % |
1,4 % |
||
|
Index (2021 = 100) |
– |
– |
100 |
166 |
||
|
Average price (EUR/tonne) |
– |
– |
1 187 |
1 230 |
||
|
Index (2021 = 100) |
– |
– |
100 |
104 |
||
Other third countries |
Volume (tonnes) |
133 941 |
140 573 |
242 601 |
229 747 |
||
|
Index (2019 = 100) |
100 |
105 |
181 |
172 |
||
|
Market share |
1,9 % |
1,9 % |
2,7 % |
3,0 % |
||
|
Index (2019 = 100) |
100 |
101 |
144 |
161 |
||
|
Average price (EUR/tonne) |
622 |
564 |
960 |
1 125 |
||
|
Index (2019 = 100) |
100 |
91 |
154 |
181 |
||
Total of all third countries except PRC |
Volume (tonnes) |
1 371 611 |
1 738 230 |
3 275 952 |
2 471 041 |
||
|
Index (2019 = 100) |
100 |
127 |
239 |
180 |
||
|
Market share |
19,2 % |
23,4 % |
36,5 % |
32,4 % |
||
|
Index (2019 = 100) |
100 |
122 |
190 |
169 |
||
|
Average price (EUR/tonne) |
634 |
577 |
968 |
1 153 |
||
|
Index (2019 = 100) |
100 |
91 |
153 |
182 |
||
|
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
|
2019 |
2020 |
2021 |
RIP |
||
Production volume (tonnes) |
9 209 033 |
8 901 268 |
8 995 570 |
7 743 498 |
||
Index (2019 = 100) |
100 |
97 |
98 |
84 |
||
Production capacity (tonnes) |
11 569 564 |
12 587 213 |
11 159 969 |
11 244 662 |
||
Index (2019 = 100) |
100 |
109 |
96 |
97 |
||
Capacity utilisation |
79,6 % |
70,7 % |
80,6 % |
68,9 % |
||
Index (2019 = 100) |
100 |
89 |
101 |
87 |
||
|
4.5.2.2. Free market sales volumes, captively used volumes and market share
|
2019 |
2020 |
2021 |
RIP |
||
Free market sales (tonnes) |
5 774 832 |
5 680 681 |
5 684 429 |
5 159 274 |
||
Index (2019 = 100) |
100 |
98 |
98 |
89 |
||
Market share of free market sales (%) |
80,8 % |
76,6 % |
63,4 % |
67,6 % |
||
Index (2019 = 100) |
100 |
95 |
78 |
84 |
||
|
|
2019 |
2020 |
2021 |
RIP |
||
Captive market (tonnes) |
1 864 394 |
1 764 931 |
2 091 845 |
1 916 305 |
||
Index (2019 = 100) |
100 |
95 |
112 |
103 |
||
Share of captive market over the total Union production (%) |
20,2 % |
19,8 % |
23,3 % |
24,7 % |
||
Index (2019 = 100) |
100 |
98 |
115 |
122 |
||
|
4.5.2.3. Growth
4.5.2.4. Employment and productivity
|
2019 |
2020 |
2021 |
RIP |
||
Number of employees |
11 117 |
12 048 |
10 385 |
9 593 |
||
Index (2019 = 100) |
100 |
108 |
93 |
86 |
||
Productivity (tonnes/employee) |
828 |
739 |
866 |
807 |
||
Index (2019 = 100) |
100 |
89 |
105 |
97 |
||
|
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
|
2019 |
2020 |
2021 |
RIP |
||
Average unit sales price on the free market |
628 |
587 |
1 039 |
1 162 |
||
Index (2019 = 100) |
100 |
93 |
165 |
185 |
||
Unit cost of production |
601 |
588 |
789 |
986 |
||
Index (2019 = 100) |
100 |
98 |
131 |
164 |
||
|
4.5.3.2. Labour costs
|
2019 |
2020 |
2021 |
RIP |
||
Average labour costs per employee (EUR) |
72 692 |
68 225 |
77 162 |
81 837 |
||
Index (2019 = 100) |
100 |
94 |
106 |
113 |
||
|
4.5.3.3. Inventories
|
2019 |
2020 |
2021 |
RIP |
||
Closing stocks (tonnes) |
154 680 |
111 817 |
171 244 |
160 558 |
||
Index (2019 = 100) |
100 |
72 |
111 |
104 |
||
Closing stocks as a percentage of production |
7,6 % |
5,3 % |
7,2 % |
7,6 % |
||
Index (2019 = 100) |
100 |
70 |
96 |
100 |
||
|
4.5.3.4. Profitability, cash flow, investments, return on investments and ability to raise capital
|
2019 |
2020 |
2021 |
RIP |
||
Profitability of sales in the Union to unrelated customers (% of sales turnover) |
–3,7 % |
–1,7 % |
16,1 % |
7,9 % |
||
Index (2019 = 100) |
- 100 |
-46 |
435 |
214 |
||
Cash flow (EUR) |
-26 986 371 |
43 439 334 |
269 485 933 |
189 860 405 |
||
Index (2019 = 100) |
- 100 |
161 |
999 |
704 |
||
Investments (EUR) |
27 483 583 |
30 820 545 |
25 152 956 |
35 339 227 |
||
Index (2019 = 100) |
100 |
112 |
92 |
129 |
||
Return on investments |
-6 % |
-3 % |
33 % |
22 % |
||
Index (2019 = 100) |
- 100 |
-50 |
550 |
367 |
||
|
4.6.
Conclusion on injury
5.
LIKELIHOOD OF RECURRENCE OF INJURY
6.
UNION INTEREST
6.1.
Interest of the Union industry
6.2.
Interest of unrelated importers
6.3.
Interest of users
6.4.
Conclusion on Union interest
7.
ANTI-DUMPING MEASURES
Article 1
Company |
Definitive duty rate (%) |
TARIC Additional Code |
Hesteel Co., Ltd Handan Branch |
27,8 |
C227 |
Handan Iron & Steel Group Han-Bao Co., Ltd |
27,8 |
C158 |
Hesteel Co., Ltd Tangshan Branch |
27,8 |
C159 |
Tangshan Iron & Steel Group High Strength Automotive Strip Co., Ltd |
27,8 |
C228 |
Beijing Shougang Cold Rolling Co., Ltd |
17,2 |
C229 |
Shougang Jingtang United Iron and Steel Co., Ltd |
17,2 |
C164 |
Zhangjiagang Shagang Dongshin Galvanized Steel Sheet Co., Ltd |
27,9 |
C230 |
Zhangjiagang Yangtze River Cold Rolled Sheet Co., Ltd |
27,9 |
C112 |
Other cooperating companies listed in the Annex |
26,1 |
See Annex |
All other imports originating in the People’s Republic of China |
27,9 |
C999 |
Company name |
TARIC additional code |
Beijing Shougang Cold Rolling Co., Ltd |
C229 |
Shougang Jingtang United Iron and Steel Co., Ltd |
C164 |
Article 2
Article 3
ANNEX
COOPERATING EXPORTING PRODUCERS NOT INCLUDED IN THE SAMPLE
Maanshan Iron & Steel Co., Ltd |
Maanshan, Anhui |
C312 |
Angang Steel Company Limited |
Anshan, Liaoning |
C313 |
TKAS Auto Steel Company Ltd |
Dalian, Liaoning |
C314 |
JiangYin ZongCheng Steel CO., Ltd |
Jiangyin, Jiangsu |
C315 |
Bengang Steel Plates Co., Ltd |
Benxi, Liaoning |
C316 |
BX STEEL POSCO Cold Rolled Sheet Co., Ltd |
Benxi, Liaoning |
C317 |
Wuhan Iron & Steel Co., Ltd |
Wuhan, Hubei |
C318 |
Shandong Kerui Steel Plate Co., Ltd |
Binzhou, Shandong |
C319 |
Inner Mongolia Baotou Steel Union Co. Ltd |
Baotou, Inner Mongolia |
C320 |
Hunan Valin Liangang Steel Sheet Co., Ltd |
Loudi, Hunan |
C321 |
Shandong Huifu Color Steel Co., Ltd |
Linyi, Shadong |
C322 |
Fujian Kaijing Greentech Material Co., Ltd |
Longhai, Fujian |
C323 |
Baoshan Iron & Steel Co., Ltd |
Shanghai |
C324 |
Baosteel Zhanjiang Iron & Steel Co., Ltd |
Zhanjiang, Guandong |
C325 |
Yieh Phui (China) Technomaterial Co. |
Changshu, Jiangsu |
C326 |
Rizhao Baohua New Materials Co., Ltd |
Rizhao, Shandong |
C327 |
Jiangsu Gangzheng Steel Sheet Science and Technology Co., Ltd |
Nantong, Jiangsu |
C328 |