EEC starts anti-dumping investigation into Ukrainian seamless pipes

10/02/2015 12:00 - 510 Views

MOSCOW, 10 February (BelTA) – The Eurasian Economic Commission (EEC) has decided to launch an anti-dumping investigation into the import of 426mm cold-worked and hot-worked seamless pipes from stainless steel produced in Ukraine, BelTA learned from the press service of the Eurasian Economic Commission.

“In the period from 2011 to 2013 stainless steel pipes from Ukraine made up from 27.1% to 31.1% of all stainless steel pipes imported to the EEU member states. In H1 2014 the share of Ukraine-made pipes reached 50%. All in all, in the period under review, the prices for stainless steel seamless pipes from Ukraine were lower than the prices offered by manufacturers from the EEU member states. According to preliminary estimates, from 1 July 2013 to 30 June 2014 the margin of dumping of Ukrainian pipes made up 11.3%,” the press service informed.

Since mid-2013 the price war on the EEU market aggravated on the back of dumping from Ukraine. In order to maintain the competitiveness of their products amidst slack demand, companies from the EEU member states had to suppress prices for their products. Thus, in H1 2014, the prices were reduced by 1.5%, while the prime cost rose by 11.5%. This affected the financial standing of the companies. Their profits shrank 3.3 times.

Source: belta.by