COMMISSION IMPLEMENTING REGULATION (EU) 2024/1666
of 6 June 2024
imposing a definitive anti-dumping duty on imports of steel ropes and cables originating in the People’s Republic of China as extended to imports of steel ropes and cables consigned from Morocco and the Republic of Korea, whether declared as originating in these countries or not, 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.
Comments on initiation
1.7.
Sampling
1.8.
Replies to the questionnaire
1.9.
Verification
2.
PRODUCT UNDER REVIEW, PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Product under review
2.2.
Product concerned
2.3.
Like product
3.
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 steel ropes and cables originating in the PRC
3.3.
Normal value
3.3.1.
Existence of significant distortions
3.3.2.
Representative country
3.3.2.1. General remarks
3.3.2.2. Conclusion
3.3.3.
Sources used to establish undistorted costs
3.3.3.1. Undistorted costs and benchmarks
3.3.3.1.1. Factors of production
Factor of Production |
Commodity Code in Türkiye |
Undistorted value (CNY) |
Unit of measurement |
Source of information |
|||||||
Raw materials |
|||||||||||
Steel wire |
72171090 |
12,67 |
KG |
Global Trade Atlas(65) (GTA) |
|||||||
Synthetics |
5402630010 and 5402630020 |
19,49 |
KG |
GTA |
|||||||
Plastics |
39021000 0011 |
12,48 |
KG |
GTA |
|||||||
Strands |
73121065 |
22,97 |
KG |
GTA |
|||||||
All other raw materials and consumables (i.e. lubricants, zinc), packaging, utilities. |
n.a. |
7,3 % on raw materials |
Fixed amount |
|
|||||||
Labour |
|||||||||||
Labour cost per man-hour |
N/A |
41,15 |
Man-hour |
Turkish statistical institute |
|||||||
Energy |
|||||||||||
Electricity |
N/A |
0,74 |
kWh |
Average of the benchmark calculated based on data of:
|
3.3.3.1.2. Raw materials
3.3.3.1.3. Labour
3.3.3.1.4. Electricity
3.3.3.1.5. Manufacturing overhead costs, SG&A expenses, profits and depreciation
3.3.3.2. Calculation of the normal value
3.4.
Export price
3.5.
Comparison
3.6.
Dumping
4.
LIKELIHOOD OF CONTINUATION OR RECURRENCE OF DUMPING
4.1.
Production capacity and spare capacity in the PRC
4.2.
Attractiveness of the Union market and export prices to third country markets
4.3.
Conclusion on the likelihood of continuation or recurrence of dumping
5.
INJURY
5.1.
Definition of the Union industry and Union production
5.2.
Union consumption
|
2019 |
2020 |
2021 |
Review Investigation period |
Total Union consumption |
167 316 |
152 636 |
158 423 |
176 498 |
Index |
100 |
91 |
95 |
105 |
Union free market consumption |
165 917 |
148 919 |
156 756 |
175 298 |
Index |
100 |
90 |
94 |
106 |
Union captive consumption |
1 398 |
3 717 |
1 668 |
1 200 |
Index |
100 |
266 |
119 |
86 |
Source: Eurostat and macro data supplied by EWRIS. |
5.3.
Imports from the country concerned
|
2019 |
2020 |
2021 |
Review Investigation period |
Total volume of imports from China (tonnes) |
2 301 |
2 875 |
2 177 |
2 052 |
Index |
100 |
125 |
95 |
89 |
Market share |
1,4 % |
1,9 % |
1,4 % |
1,2 % |
Index |
100 |
139 |
100 |
84 |
Normal import regime |
||||
Total volume of imports from China (tonnes) |
759 |
987 |
824 |
1 230 |
Index |
100 |
130 |
108 |
162 |
Market share |
0,5 % |
0,7 % |
0,5 % |
0,7 % |
Index |
100 |
145 |
115 |
153 |
Inward processing procedure (IPP) |
||||
Volume of imports from China (tonnes) |
1 542 |
1 887 |
1 353 |
821 |
Index |
100 |
122 |
88 |
53 |
Size relative to the Union market |
0,9 % |
1,3 % |
0,9 % |
0,5 % |
Index |
100 |
136 |
93 |
50 |
Source: Comext. |
5.3.1.
Prices of the imports from the country concerned and price undercutting
|
2019 |
2020 |
2021 |
Review Investigation period |
Total imports |
||||
PRC |
1 883 |
1 663 |
1 897 |
2 576 |
Index |
100 |
88 |
101 |
137 |
Normal regime |
||||
PRC |
2 161 |
2 014 |
2 343 |
2 883 |
Index |
100 |
93 |
108 |
133 |
Inward processing procedure (IPP) |
||||
PRC |
1 746 |
1 479 |
1 625 |
2 117 |
Index |
100 |
85 |
93 |
121 |
Source: Comext. |
5.4.
Imports from third countries
Country |
|
2019 |
2020 |
2021 |
Review Investigation period |
Republic of Korea |
Volume (tonnes) |
25 702 |
20 787 |
20 707 |
22 944 |
Index |
100 |
81 |
81 |
89 |
|
Market share |
15,5 % |
14,0 % |
13,2 % |
13,1 % |
|
Average price (EUR/tonnes) |
2 126 |
1 995 |
2 154 |
2 780 |
|
Index |
100 |
94 |
101 |
131 |
|
India |
Volume (tonnes) |
13 993 |
12 157 |
16 941 |
22 202 |
Index |
100 |
87 |
121 |
159 |
|
Market share |
8,4 % |
8,2 % |
10,8 % |
12,7 % |
|
Average price (EUR/tonnes) |
1 367 |
1 235 |
1 352 |
1 814 |
|
Index |
100 |
90 |
99 |
133 |
|
Türkiye |
Volume (tonnes) |
16 517 |
13 439 |
13 452 |
18 696 |
Index |
100 |
81 |
81 |
113 |
|
Market share |
10,0 % |
9,0 % |
8,6 % |
10,7 % |
|
Average price (EUR/tonnes) |
1 421 |
1 395 |
1 549 |
1 944 |
|
Index |
100 |
98 |
109 |
137 |
|
Thailand |
Volume (tonnes) |
7 803 |
10 866 |
8 115 |
12 215 |
Index |
100 |
139 |
104 |
157 |
|
Market share |
4,7 % |
7,3 % |
5,2 % |
7,0 % |
|
Average price (EUR/tonnes) |
1 716 |
1 387 |
1 618 |
2 224 |
|
Index |
100 |
81 |
94 |
130 |
|
Other third countries |
Volume (tonnes) |
14 887 |
13 459 |
18 293 |
19 913 |
Index |
100 |
90 |
123 |
134 |
|
Market share |
9,0 % |
9,0 % |
11,7 % |
11,4 % |
|
Average price (EUR/tonnes) |
1 996 |
1 953 |
2 289 |
3 092 |
|
Index |
100 |
98 |
115 |
155 |
|
Total of all third countries except PRC |
Volume (tonnes) |
78 901 |
70 708 |
77 508 |
95 970 |
Index |
100 |
90 |
98 |
122 |
|
Market share |
47,6 % |
47,5 % |
49,4 % |
54,7 % |
|
Average price (EUR/tonnes) |
1 779 |
1 649 |
1 850 |
2 388 |
|
Index |
100 |
93 |
104 |
134 |
|
Source: Comext. |
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
|
2019 |
2020 |
2021 |
Review Investigation period |
Production volume (tonnes) |
144 183 |
130 921 |
133 927 |
137 910 |
Index |
100 |
91 |
93 |
96 |
Production capacity (tonnes) |
225 263 |
225 411 |
225 263 |
228 194 |
Index |
100 |
100 |
100 |
101 |
Capacity utilisation |
64 % |
58 % |
59 % |
60 % |
Index |
100 |
91 |
93 |
94 |
Source: Macro data from EWRIS. |
5.5.2.2.
Sales volume and market share
|
2019 |
2020 |
2021 |
Review Investigation period |
Union industry sales volume on the Union free market |
84 715 |
75 336 |
77 070 |
77 276 |
Index |
100 |
89 |
91 |
91 |
Market share |
51,1 % |
50,6 % |
49,2 % |
44,1 % |
Index |
100 |
99 |
96 |
86 |
Source: Macro data from EWRIS. |
5.5.2.3. Growth
5.5.2.4. Employment and productivity
|
2019 |
2020 |
2021 |
Review Investigation period |
Number of employees |
3 291 |
3 063 |
3 097 |
3 186 |
Index |
100 |
93 |
94 |
97 |
Productivity (unit/employee) |
44 |
43 |
43 |
43 |
Index |
100 |
98 |
99 |
99 |
Source: Macro data from EWRIS. |
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
|
2019 |
2020 |
2021 |
Review investigation period |
Average unit sales price in the Union on the total market |
3 172 |
3 453 |
3 734 |
4 439 |
Index |
100 |
109 |
118 |
140 |
Unit cost of production |
3 102 |
3 205 |
3 346 |
3 911 |
Index |
100 |
103 |
108 |
126 |
Source: Sampled Union producers. |
5.5.3.2. Labour costs
|
2019 |
2020 |
2021 |
Review investigation period |
Average labour costs per employee (EUR) |
40 841 |
40 880 |
43 611 |
45 430 |
Index |
100 |
100 |
107 |
111 |
Source: Sampled Union producers. |
5.5.3.3. Inventories
|
2019 |
2020 |
2021 |
Review investigation period |
Closing stocks (tonnes) |
7 012 |
6 799 |
6 051 |
5 764 |
Index |
100 |
97 |
86 |
82 |
Closing stocks as a percentage of production |
5 % |
5 % |
5 % |
4 % |
Index |
100 |
100 |
100 |
80 |
Source: Sampled Union producers. |
5.5.3.4. Profitability, cash flow, investments, return on investments and ability to raise capital
|
2019 |
2020 |
2021 |
Review Investigation period |
Profitability of sales in the Union to unrelated customers (percentage of sales turnover) |
-3 % |
-3 % |
2 % |
4 % |
Index |
100 |
100 |
266 |
333 |
Cash flow (EUR) |
432 391 |
1 357 148 |
3 545 014 |
2 560 077 |
Index |
100 |
314 |
820 |
592 |
Investments (EUR) |
4 126 772 |
2 578 009 |
1 703 064 |
4 362 268 |
Index |
100 |
62 |
41 |
106 |
Return on investments |
–3,1 % |
–2,2 % |
1,9 % |
5,0 % |
Index |
100 |
129 |
261 |
361 |
Source: Sampled Union producers. |
5.6.
Conclusion on injury
6.
LIKELIHOOD OF RECURRENCE OF INJURY
6.1.
Analysis
6.1.1.
Production capacity and spare capacity available in the PRC
6.1.2.
Possible price levels of Chinese imports
6.1.3.
Attractiveness of the Union market
6.1.4.
Impact on the Union industry
6.2.
Conclusion
7.
UNION INTEREST
7.1.
Interest of the Union industry
7.2.
Interest of importers
7.3.
Interest of users
7.4.
Interest of suppliers
7.5.
Conclusion on Union interest
8.
ANTI-DUMPING MEASURES
Article 1
Country |
Company |
TARIC additional code |
The Republic of Korea |
Bosung Wire Rope Co., Ltd, 568,Yongdeok-ri, Hallim-myeon, Gimae-si, Gyeongsangnam-do, 621-872 |
A969 |
Chung Woo Rope Co., Ltd, 1682-4, Songjung-Dong, Gangseo- Gu, Busan |
A969 |
|
CS Co., Ltd, 31-102, Junam maeul 2-gil, Yangsan, Gyeongsangnam-do |
A969 |
|
Cosmo Wire Ltd, 4-10, Koyeon-Ri, Woong Chon-Myon Ulju- Kun, Ulsan |
A969 |
|
Dae Heung Industrial Co., Ltd, 185 Pyunglim – Ri, Daesan- Myun, Haman – Gun, Gyungnam |
A969 |
|
Daechang Steel Co., Ltd, 1213, Aam-daero, Namdong-gu, Incheon |
C057 |
|
DSR Wire Corp., 291, Seonpyong-Ri, Seo-Myon, Suncheon-City, Jeonnam |
A969 |
|
Goodwire MFG. Co. Ltd, 984-23, Maegok-Dong, Yangsan-City, Kyungnam |
B955 |
|
|
Kiswire Ltd, 37, Gurak-Ro, 141 Beon-Gil, Suyeong-Gu, Busan, Korea 48212 |
A969 |
|
Manho Rope & Wire Ltd, Dongho Bldg, 85-2 4 Street Joongang- Dong, Jong-gu, Busan |
A926 |
|
Line Metal Co. Ltd, 1259 Boncho-ri, Daeji-Myeon, Changnyeong-gun, Gyeongnam |
B926 |
|
Seil Wire and Cable, 47-4, Soju-Dong, Yangsan-Si, Kyungsangnamdo |
A994 |
|
Shin Han Rope Co., Ltd, 715-8, Gojan-Dong, Namdong-gu, Incheon |
A969 |
|
Ssang Yong Cable Mfg. Co., Ltd, 1559-4 Song-Jeong Dong, Gang-Seo Gu, Busan |
A969 |
|
YOUNGWIRE, 71-1 Sin-Chon Dong, Changwon City, Gyungnam(84) |
A969 |