INHALT

Commission Implementing Regulation (EU) 2023/1123 of 7 June 2023 imposing a definitive countervailing duty on imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in People’s Republic of China following an expiry review pursuant to Article 18 of Regulation (EU) 2016/1037 of the European Parliament and of the Council

COMMISSION IMPLEMENTING REGULATION (EU) 2023/1123
of 7 June 2023
imposing a definitive countervailing duty on imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in People’s Republic of China following an expiry review pursuant to Article 18 of Regulation (EU) 2016/1037 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.
Separate investigation relating to the same product concerned
1.5.
Review investigation period and period considered
1.6.
Interested parties
1.7.
Sampling
1.7.1.
Sampling of Union producers
1.7.2.
Sampling of importers
1.7.3.
Sampling of exporting producers in the PRC
1.8.
Questionnaire and verification
1.9.
Disclosure
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 OF SUBSIDISATION
3.1.
Non-cooperation and the use of facts available in accordance with Article 28(1) of the basic Regulation
3.2.
General remarks on the steel sector in China
3.2.1.
14
th
Five-Year-Plan
3.2.2.
Order No 35
3.2.3.
Decision No 40
3.2.4.
The Revitalization Plan
3.2.5.
Guiding Catalogue of industrial structure adjustment
3.2.6.
Overall conclusions on the GOC’s intervention in the steel sector
3.3.
Subsidies and subsidy programmes examined in the current expiry review
3.4.
Subsidies countervailed in the original investigation
3.4.1.
Preferential lending
3.4.1.1.
Findings of the original investigation
3.4.1.2.
Continuation of the subsidy programme
3.4.1.3.
Benefit
3.4.1.4.
Specificity
3.4.1.5.
Conclusion
3.4.2.
The provision of land-use rights for less than adequate remuneration
3.4.2.1.
Findings of the original investigation
3.4.2.2.
Continuation of the subsidy programme
3.4.2.3.
Benefit
3.4.2.4.
Specificity
3.4.2.5.
Conclusion
3.4.3.
Direct tax exemption and reduction programmes
3.4.3.1.
Findings of the original investigation
3.4.3.2.
Continuation of the subsidy programme
3.4.3.3.
Benefit
3.4.3.4.
Specificity
3.4.3.5.
Conclusion
3.4.4.
Indirect tax and import tariff programmes and policies
3.4.4.1.
Findings of the original investigation
3.4.4.2.
Continuation of the subsidy programme
3.4.4.3.
Benefit
3.4.4.4.
Specificity
3.4.4.5.
Conclusion
3.4.5.
Grant programmes
3.4.5.1.
Findings of the original investigation
3.4.5.2.
Continuation of the subsidy programmes
3.4.5.3.
Benefit
3.4.5.4.
Specificity
3.4.5.5.
Conclusion
3.5.
Additional subsidies
3.5.1.
Debt for equity swaps
3.5.1.1.
Introduction
3.5.1.2.
Benefit
3.5.1.3.
Specificity
3.5.1.4.
Conclusion
3.6.
Overall conclusion regarding the continuation of the subsidisation
4.
DEVELOPMENT OF IMPORTS SHOULD THE MEASURES BE REPEALED
4.1.
Production capacity and spare capacity in the PRC
4.2.
Attractiveness of the Union market
4.3.
Conclusion on the likelihood of continuation of subsidisation
5.
INJURY
5.1.
Definition of the Union industry and Union production
5.2.
Union consumption
5.3.
Imports from the country concerned
5.3.1.
Volume and market share of the imports from the country concerned
5.4.
Economic situation of the Union industry
5.4.1.
General remarks
5.4.2.
Macroeconomic indicators
5.4.2.1.
Production, production capacity and capacity utilisation
5.4.2.2.
Sales volume and market share
5.4.2.3.
Growth
5.4.2.4.
Employment and productivity
5.4.2.5.
Magnitude of the amount of countervailing subsidies and recovery from past subsidisation
5.4.3.
Microeconomic indicators
5.4.3.1.
Prices and factors affecting prices
5.4.3.2.
Labour costs
5.4.3.3.
Inventories
5.4.3.4.
Profitability, cash flow, investments, return on investments and ability to raise capital
5.5.
Conclusion on injury
6.
LIKELIHOOD OF RECURRENCE OF INJURY
6.1.
Production capacity and spare capacity in the PRC
6.2.
Attractiveness of the Union market
6.3.
Likely Chinese import prices and impact on the Union industry
6.4.
Conclusion
7.
UNION INTEREST
7.1.
Interest of the Union industry
7.2.
Interest of users and unrelated importers
7.3.
Conclusion on Union interest
8.
CLAIMS THAT THE MEASURES SHOULD BE SUSPENDED
9.
ANTI-SUBSIDY MEASURES
Article 1
Article 2
ANNEX