COMMISSION IMPLEMENTING REGULATION (EU) 2024/1475
of 30 May 2024
imposing a definitive anti-dumping duty on imports of certain seamless pipes and tubes of stainless steel 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
1.6.1.
Sampling of Union producers
1.6.2.
Sampling of importers
1.6.3.
Sampling of exporting producers in the PRC
1.7.
Replies to the questionnaire and verification
1.8.
Subsequent procedure
2.
PRODUCT UNDER REVIEW, PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Product under review
2.2.
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
3.3.
Normal value
3.4.
Existence of significant distortions
3.4.1.
Representative country
3.4.1.1.
General remarks
3.4.1.2.
Conclusion
3.4.2.
Sources used to establish undistorted costs
3.4.3.
Undistorted costs and benchmarks
3.4.3.1.
Factors of production
Factor of production |
HS code |
Source of data |
Unit of measurement |
Raw materials |
|
|
|
Stainless steel ingots (Billets) |
72181000 00 |
Global Trade Atlas (GTA)(48) |
Ton |
Energy |
|
|
|
Electricity |
N/A |
Comissión Federal de Electricidad(49) |
KwH |
Natural gas |
N/A |
Comissión Reguladora de Energía(50) |
KwH |
Labour |
|
|
|
Direct labour cost |
N/A |
Instituto Nacional de Estadística y Geografía (INEGI)(51) |
EUR/hour |
3.4.3.2.
Raw materials
3.4.3.3.
Labour
3.4.3.4.
Electricity
3.4.3.5.
Natural gas
3.4.3.6.
Manufacturing overhead costs, SG&A, profits and depreciation
3.4.4.
Calculation of the normal value
3.4.5.
Continuation of dumping
3.4.6.
Likelihood of continuation of dumping
3.4.6.1.
Production capacity and spare capacity in the PRC
3.4.6.2.
Attractiveness of the Union market
3.4.6.3.
Conclusion on the likelihood of continuation of dumping
4.
INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Union consumption
|
2019 |
2020 |
2021 |
Review investigation period |
Union consumption |
101 694 |
77 128 |
82 003 |
92 105 |
Index |
100 |
76 |
81 |
91 |
Source: Eurostat, macro questionnaire reply from ESTA. |
4.3.
Imports from the country concerned
4.3.1.
Volume and market share of the imports from the country concerned
|
2019 |
2020 |
2021 |
Review investigation period |
Volume of imports from the PRC |
4 535 |
3 896 |
5 461 |
5 633 |
Index |
100 |
86 |
120 |
124 |
PRC import prices |
3 843 |
3 536 |
4 193 |
5 894 |
Index |
100 |
92 |
109 |
153 |
PRC market share |
4 % |
5 % |
7 % |
6 % |
Index |
100 |
113 |
149 |
137 |
Source: Eurostat, macro questionnaire reply from ESTA. |
4.3.2.
Prices of the imports from the country concerned and price undercutting
Country |
|
2019 |
2020 |
2021 |
Review investigation period |
Total of all third countries except the PRC |
Volume (tonnes) |
54 846 |
44 527 |
51 922 |
40 649 |
|
Index |
100 |
81 |
95 |
74 |
|
Market share |
54 % |
58 % |
63 % |
44 % |
|
Average price (EUR/tonne) |
7 070 |
6 651 |
7 052 |
9 864 |
|
Index |
100 |
94 |
100 |
140 |
India |
Volume (tonnes) |
23 715 |
16 773 |
21 263 |
22 656 |
|
Market share |
23 % |
22 % |
26 % |
25 % |
|
Average Price |
5 837 |
5 561 |
5 606 |
8 255 |
Ukraine |
Volume (tonnes) |
14 425 |
13 710 |
14 202 |
6 779 |
|
Market share |
14 % |
18 % |
17 % |
7 % |
|
Average Price |
7 102 |
7 328 |
7 704 |
12 267 |
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
|
2019 |
2020 |
2021 |
Review investigation period |
Production volume (tonnes) |
75 741 |
63 271 |
53 745 |
67 905 |
Index |
100 |
84 |
71 |
90 |
Production capacity (tonnes) |
148 344 |
146 184 |
135 184 |
135 184 |
Index |
100 |
99 |
91 |
91 |
Capacity utilisation |
51 % |
43 % |
40 % |
50 % |
Index |
100 |
85 |
78 |
98 |
Source: Macro questionnaire reply from ESTA. |
4.4.2.2.
Sales volume and market share
|
2019 |
2020 |
2021 |
Review investigation period |
Sales volume on the Union market |
47 050 |
33 863 |
29 648 |
48 994 |
Index |
100 |
72 |
63 |
104 |
Market share |
42 % |
37 % |
30 % |
50 % |
Index |
100 |
89 |
72 |
120 |
Source: Macro questionnaire reply from ESTA. |
4.4.2.3.
Growth
4.4.2.4.
Employment and productivity
|
2019 |
2020 |
2021 |
Review investigation period |
Number of employees |
2 520 |
2 332 |
2 085 |
2 266 |
Index |
100 |
93 |
83 |
90 |
Productivity (tonnes/employee) |
30 |
27 |
26 |
30 |
Index |
100 |
90 |
86 |
100 |
Source: Macro questionnaire reply from ESTA. |
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.
|
2019 |
2020 |
2021 |
Review investigation period |
Average Union industry sales price |
9 184 |
9 363 |
9 882 |
12 166 |
Index |
100 |
105 |
108 |
132 |
Unit cost of production |
9 164 |
10 155 |
9 632 |
11 610 |
Index |
100 |
111 |
105 |
127 |
Source: Sampled Union producers questionnaire replies. |
4.4.3.2.
Labour costs
|
2019 |
2020 |
2021 |
Review investigation period |
Average labour costs per employee (EUR/FTE) |
66 702 |
70 262 |
66 034 |
74 768 |
Index |
100 |
105 |
99 |
112 |
Source: Sampled Union producers questionnaire replies. |
4.4.3.3.
Inventories
|
2019 |
2020 |
2021 |
Review investigation period |
Closing stocks (tonnes) |
13 790 |
12 772 |
15 062 |
13 957 |
Index |
100 |
93 |
109 |
101 |
Closing stocks as a percentage of production |
18 % |
20 % |
28 % |
21 % |
Index |
100 |
111 |
154 |
113 |
Source: Sampled Union producers questionnaire replies. |
4.4.3.4.
Profitability, cash flow, investments, return on investments and ability to raise capital
|
2019 |
2020 |
2021 |
Review investigation period |
Profitability of sales in the Union market (% of sales turnover) |
5,2 |
– 9,2 |
– 0,5 |
7,4 |
Index |
100 |
– 177 |
–9 |
142 |
Cash flow (EUR) |
28 940 440 |
10 725 817 |
18 187 297 |
28 095 547 |
Index |
100 |
– 37 |
– 63 |
97 |
Investments (EUR) |
27 124 666 |
21 940 828 |
14 858 909 |
18 895 783 |
Index |
100 |
81 |
55 |
70 |
Return on investments (%) |
1,6 |
–7,5 |
–3,2 |
5,9 |
Index |
100 |
– 472 |
– 205 |
374 |
Source: Sampled Union producers questionnaire replies. |
4.5.
Conclusion on injury
5.
LIKELIHOOD OF RECURRENCE OF INJURY
5.1.
Production capacity and spare capacity in the PRC
5.2.
Attractiveness of the Union market
5.3.
Likely Chinese import prices and impact on the Union industry
5.4.
Conclusion
6.
UNION INTEREST
6.1.
Interest of the Union industry
6.1.1.
Interest of users and unrelated importers
6.1.2.
Conclusion on Union interest
7.
ANTI-DUMPING MEASURES
Article 1
Company/companies |
Definitive anti-dumping duty rate |
TARIC additional code |
Changshu Walsin Specialty Steel, Co. Ltd, Haiyu |
7 1,9 % |
B120 |
Shanghai Jinchang Stainless Steel Tube Manufacturing, Co. Ltd, Situan |
4 8,3 % |
B118 |
Wenzhou Jiangnan Steel Pipe Manufacuring, Co. Ltd, Yongz |
4 8,6 % |
B119 |
Companies listed in the Annex to this Regulation |
5 6,9 % |
|
All other companies |
7 1,9 % |
B999 |
Article 2
ANNEX
PRC COOPERATING EXPORTING PRODUCERS NOT SAMPLED IN THE ORIGINAL INVESTIGATION
Name |
TARIC additional code |
Baofeng Steel Group, Co. Ltd, Lishui, |
B 236 |
Changzhou City Lianyi Special Stainless Steel Tube, Co. Ltd, Changzhou, |
B 237 |
Huadi Steel Group, Co. Ltd, Wenzhou, |
B 238 |
Huzhou Fengtai Stainless Steel Pipes, Co. Ltd, Huzhou, |
B 239 |
Huzhou Gaolin Stainless Steel Tube Manufacture, Co. Ltd, Huzhou, |
B 240 |
Huzhou Zhongli Stainless Steel Pipe, Co. Ltd, Huzhou, |
B 241 |
Jiangsu Wujin Stainless Steel Pipe Group, Co. Ltd, Beijing, |
B 242 |
Jiangyin Huachang Stainless Steel Pipe, Co. Ltd, Jiangyin |
B 243 |
Lixue Group, Co. Ltd, Ruian, |
B 244 |
Shanghai Crystal Palace Pipe, Co. Ltd, Shanghai, |
B 245 |
Shanghai Baoluo Stainless Steel Tube, Co. Ltd, Shanghai, |
B 246 |
Shanghai Shangshang Stainless Steel Pipe, Co. Ltd, Shanghai, |
B 247 |
Shanghai Tianbao Stainless Steel, Co. Ltd, Shanghai, |
B 248 |
Shanghai Tianyang Steel Tube, Co. Ltd, Shanghai, |
B 249 |
Wenzhou Xindeda Stainless Steel Material, Co. Ltd, Wenzhou, |
B 250 |
Wenzhou Baorui Steel, Co. Ltd, Wenzhou, |
B 251 |
Zhejiang Conform Stainless Steel Tube, Co. Ltd, Jixing, |
B 252 |
Zhejiang Easter Steel Pipe, Co. Ltd, Jiaxing, |
B 253 |
Zhejiang Five – Star Steel Tube Manufacturing, Co. Ltd, Wenzhou, |
B 254 |
Zhejiang Guobang Steel, Co. Ltd, Lishui, |
B 255 |
Zhejiang Hengyuan Steel, Co. Ltd, Lishui, |
B 256 |
Zhejiang Jiashang Stainless Steel, Co. Ltd, Jiaxing City, |
B 257 |
Zhejiang Jinxin Stainless Steel Manufacture, Co. Ltd, Xiping Town, |
B 258 |
Zhejiang Jiuli Hi Tech Metals, Co. Ltd, Huzhou, |
B 259 |
Zhejiang Kanglong Steel, Co. Ltd, Lishui, |
B 260 |
Zhejiang Qiangli Stainless Steel Manufacture, Co. Ltd, Xiping Town, |
B 261 |
Zhejiang Tianbao Industrial, Co. Ltd, Wenzhou, |
B 262 |
Tsingshan Steel Pipe, Co. Ltd, Lishui, |
B 263 |
Zhejiang Yida Special Steel, Co. Ltd, Xiping Town. |
B 264 |