RUSSELS: The European Union renews tariffs as high as 75% on steel tube fittings from Russia, South Korea and Malaysia while letting similar duties against Turkey expire.
The EU reimposes the levies on Russian, Korean and Malaysian exporters of the fittings, which are used to join tubes or pipes mainly in the petrochemical, energy, construction and shipbuilding industries, for another five years to protect producers in the bloc such as Vallourec Fittings, Erne Fittings and Virgilio Cena & Figli from below-cost -- or “dumped” -- sales.
“The union industry would be likely to experience a further deterioration of its situation in case the anti-dumping measures against Malaysia, Korea and Russia were allowed to lapse,” the European Commission, the EU’s executive arm in Brussels, says in the bloc’s Official Journal.
The duty levels are 23.8% for Russian producers; 44% for all Korean manufacturers except TK Corp., which faces a 32.4% rate; and 75% for all Malaysian producers except Anggerik Laksana, which is subject to a 59.2% levy, and Pantech Steel Industries, which has a 49.9% rate.
The expiring EU levies on steel tube fittings from Turkey are as high as 16.7%, depending on the Turkish exporter.
The EU decision is the outcome of a probe opened in January 2018 into whether to reimpose the anti-dumping duties against the four countries; the five-year renewal of the levies against Russia, Korea and Malaysia will take effect on Thursday.
Note: Jan. 18, 2013: Russia, Turkey face five-year EU tariffs on steel tube fittings
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