Bloomberg reported that the European Union has opened a probe into whether Ukrainian, Turkish and Macedonian exporters of welded tubes, pipes and hollow profiles sell them in the bloc below cost, a practice known as dumping.
European Commission said “The investigation will determine whether the shipments from the three countries are being dumped and whether the dumped imports have caused injury to the union industry.”
The dumping inquiry stems from a February 16 complaint by a group on behalf of EU manufacturers that account for more than a quarter of the bloc’s production of welded tubes, pipes and hollow profiles, according to the commission, which didn’t identify any producers.
The commission has nine months to decide whether to impose provisional anti-dumping duties for half a year and EU governments have 15 months to decide whether to apply definitive levies for five years.
The inquiry excludes tubes, pipes and hollow profiles made of cast iron or stainless steel as well as line pipe and tubing used in the oil and natural-gas industries.
Sourced from Bloomberg