The Trade Remedies
Authority (TRA) proposes to extend measures on hot rolled flat and coil steel
imports from China, Russia, Brazil and Iran, but remove them for Ukraine. Trade
Remedies Authority (TRA) has published its initial findings in transition
reviews into trade remedy measures on imports of hot rolled flat and coil steel
from China, Russia, Ukraine, Brazil and Iran.
The TRA
is reviewing three measures:
·
Anti-dumping measures
on imports from China.
·
Countervailing
measures on imports from China
·
Anti-dumping measures
on imports from Russia, Ukraine, Brazil and Iran(RUBI).
The TRA
proposes to extend the measures on imports from China, Russia, Brazil and Iran
but remove them for Ukraine, as it concluded that dumping of products from
Ukraine was unlikely to recur, due to reduction in Ukraine’s production
capacity and limits on the ability to export caused by the war with Russia. The
TRA also took into account Ukraine’s requirement to rebuild steel production
facilities and domestic demand for steel to rebuild the country’s
infrastructure.
The TRA
also proposes to extend its
current suspension of measures on imports of this product from Ukraine for
another 12 months, which will allow time for the review to be completed.
Steel that makes up a
third of global production
This
product covers hot-rolled flat products of iron, non-alloy and other alloy
steel. It’s commonly used as a raw material for other types of steel and makes
up almost 1/3 of all steel production globally.
The TRA
carried out all three reviews in parallel to reduce the administrative burden
on affected industries. Its initial findings are published in reports (known as
a Statement of Essential Facts) on its public file. If
you think your business may be affected, you can register to comment by 10
April 2023. The TRA will consider any further evidence and submit its final
recommendations to the Secretary of State.
Suspending tariffs for imports
from Ukraine
Tariffs
on imports of this product from Ukraine have been suspended since August 2022.
The suspension is due to end on 30 May 2023. The TRA proposes that the measure
on Ukraine imports is revoked. However, in the meantime the TRA will assess
whether the suspension on tariffs for Ukrainian imports should be extended for
a further 12 months.
TRA Chief
Executive Oliver Griffiths explains: “Following thorough analysis, our
conclusion is that UK steel producers would be harmed if protection against
unfair imports from China, Russia, Brazil or Iran was removed. We have
concluded that the impact of the war and subsequent reconstruction in Ukraine
means that there is little likelihood of Ukraine dumping hot rolled steel
products into the UK.”