EU regulation on GOES import duties comes into effect
European Union, Brussels: The European Commission has adopted the regulation for imposing provisional anti-dumping duty on imports of grain-oriented electrical steel from China, Japan, South Korea, Russia and the U.S., according to the Official Journal of the European Union.
European Union, Brussels: The European Commission has adopted the regulation for imposing provisional anti-dumping duty on imports of grain-oriented electrical steel from China, Japan, South Korea, Russia and the U.S., according to the Official Journal of the European Union.
The rates of the provisional anti-dumping duty are as follows:
| Country | Company | Provisional anti-dumping duty |
| PRC |
Baoshan Iron & Steel Co., Ltd, Shanghai, Wuhan Iron & Steel Co., Ltd, Wuhan |
28,7 % |
| All other companies | 28,7 % | |
| Japan | JFE Steel Corporation, Tokyo | 34,2 % |
| Nippon Steel & Sumitomo Metal Corporation, Tokyo | 35,9 % | |
| All other companies | 35,9 % | |
| Korea | POSCO, Seoul | 22,8 % |
| All other companies | 22,8 % | |
| Russia |
OJSC Novolipetsk Steel, Lipetsk, VIZ Steel, Ekaterinburg |
21,6 % |
| All other companies | 21,6 % | |
| USA | AK Steel Corporation, Ohio | 22,0 % |
| All other companies | 22,0 % |
The Commission provisionally concluded that the benefits of the anti-dumping duties for European makers of GOES outweigh the disadvantages for EU users, which include Siemens AG in Germany, ABB AB in Spain and Alstom Grid U.K. Ltd. in Great Britain, reports Bloomberg.
According to the Commission, the price of transformers in the EU would rise by a maximum 3 per cent.
It has also been established at this stage that the imposition of measures will not undermine the objective of the EcoDesign Regulation to ensure sufficient supply of high-permeability GOES in the Union market.
These findings are provisional and may be amended at the definitive stage of the investigation.
The regulation, which entered into force on 13 May 2015, will apply for a period of 6 months. Interested parties will be able to submit written comments or request a hearing with the Commission within a fixed deadline.
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