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The European Commission has opted to maintain antidumping duties on imports of ferrosilicon into the European Union from China and Russia following a market review, the EC said Thursday.
In February last year, the EC initiated an expiry review of the antidumping duties previously in place on imports of ferrosilicon from China and Russia following a request from European producer group Euroalliages.
The duties, which were due to expire on March 1, 2013, ranged from 15.6-31.2% in the case of China and 17.8-22.7% for Russia.
In extending the duties, the EC has maintained the previous rates: for China, 15.6% for Erdos Xijin Kuangye Co. Ltd., 29% for Lanzhou Good Land Ferroalloy Factory Co. Ltd. and 31.2% for all other companies. In the case of Russia, the duty rate for Bratsk Ferroalloy Plant is set at 17.8%, with all other companies at 22.7%.
During the review investigation period of January 1-December 31, 2012, consumption of ferrosilicon in the European Union decreased by 10% from the previous year, the EC noted Thursday.
"This, at the same time, is a reduction of more than 25% compared with pre-crisis level of 2007," it said in a notice in the EU Official Journal.
"The fall in the consumption of the product concerned is driven by declining steel production in the Union and a further decline in the next years can be expected," the EC said.
Refer to trade.ec.europa.eu/doclib/docs/2014/april/tradoc_152347.def.en.L107-2014.pdf for details.
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- [Editor:Ginna]
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