Aluminum foil imported from Russia to the EU faces provisional anti-dumping tax
The 34% tax will cover imports of foil rolls, originating in Russia, of a weight exceeding 10kg, with a thickness of the sheets of not less than 0.008mm and not more than 0.018mm.
Evidence of dumping
The proceeding was initiated following a complaint lodged on August 25, 2014 by AFM Aluminiumfolie Merseburg, Alcomet, Eurofoil Luxembourg, Hydro Aluminium Rolled Products and Impol d.o.o. (‘the complainants’) on behalf of producers representing more than 25% of the total Union production of aluminium foils.
The complaint contained prima facie evidence of dumping of the said product and of resulting material injury that was considered sufficient to justify the initiation of the investigation.
The list of enterprises, subject to the duty, includes Ural Foil, Sayanal of RUSAL Group and “all other Russian companies-suppliers”.
In a statement from the Official Journal it says the decision was made, based on foil market research and the conclusion that products were sold at below-market prices.
Negative implications for European companies
According to their calculations, the difference between domestic and export prices, based on which the size of this duty was determined, made 34%.
All those factors had negative implications for European companies, according to the published report. It has resulted in a decline in the production, as well as lower wages of employees.
This is not the first time, the EU has taken such action. The anti-dumping import duty on grain-oriented electrical steel was imposed on May 14 for six months. The duty is applied to manufacturers from China, Japan, South Korea, Russia and the US, amounting to 21.6-35.9%.
An anti-dumping duty is an additional import duty, which is imposed on goods being exported at prices below normal global market prices or domestic prices in the importing country.
