COMMISSION IMPLEMENTING REGULATION (EU) 2021/1483
of 15 September 2021
imposing a definitive anti-dumping duty on imports of stainless steel cold-rolled flat products originating in the People’s Republic of China and Taiwan following an expiry review pursuant to Article 11(2) of Regulation (EU) 2016/1036 of the European Parliament and of the Council
1.
PROCEDURE
1.1.
Previous investigation and measures in force
1.2.
Request for an expiry review
1.3.
Initiation of an expiry review
1.4.
Parallel anti-dumping investigation concerning India and Indonesia.
1.5.
Review investigation period and period considered
1.6.
Interested parties
1.7.
Sampling
1.7.1.
Sampling of Union producers
1.7.2.
Sampling of importers
1.7.3.
Sampling of exporting producers in the countries concerned
1.8.
Replies to the questionnaire
1.9.
On spot verification and remote cross-checking
1.10.
Subsequent procedure
2.
PRODUCT UNDER REVIEW AND LIKE PRODUCT
2.1.
Product under review
2.2.
Like product
2.3.
Claims regarding the product scope
3.
LIKELIHOOD OF CONTINUATION OR RECURRENCE OF DUMPING
3.1.
The People’s Republic of China
3.1.1.
Preliminary remarks
3.1.2.
Continuation of dumping during the review investigation perio
d
3.1.2.1.
Procedure for the determination of the normal value under Article 2(6a) of the basic Regulation
3.1.2.2.
Normal value
(a) Representative country
(1)
General remarks
(2)
A level of economic development similar to the PRC
(3)
Production of the product under review in the representative country
(4)
Availability of relevant public data in the representative country
(5)
Level of social and environmental protection
(6)
Conclusion on representative country
(b) Sources used to establish undistorted costs
(c) Undistorted costs and benchmarks
Factor of Production |
HS Code |
Source of data |
Unit undistorted value Euro |
Unit |
Raw Material |
|
|
|
|
Carbon scrap |
7204 49 |
GTA |
0,38 |
kg |
Stainless steel scrap |
7204 21 |
GTA |
1,01 |
kg |
Ferro-chromium containing by weight>4 % of carbon |
7202 41 |
GTA |
1,23 |
kg |
Ferro-chromium alloys |
7202 41 |
GTA |
1,23 |
kg |
Nickel (see recital (100)) |
7502 10 |
International benchmark Westmetall(48) |
13,51 |
kg |
Ferrous Waste and Scrap |
7204 49 |
GTA |
0,38 |
kg |
Stainless Steel Waste And Scrap |
7204 21 |
GTA |
1,01 |
kg |
Other ferro-silicon alloys |
7202 29 |
GTA |
1,54 |
kg |
Labour |
||||
Labour wages in manufacturing sector (see recitals (105) to (107)) |
[N/A] |
ILO |
3,85 |
EUR/hour |
Energy |
||||
Electricity (see recitals (108) to (109)) |
[N/A] |
EDP Brasil |
81,32 |
EUR/MWh |
(1)
Raw materials
(2)
Labour
(3)
Electricity
(d) Manufacturing overhead costs, SG&A and profits
(e) Calculation of normal value
3.1.2.3.
Export price
3.1.2.4.
Comparison and dumping margin
3.1.2.5.
Conclusion
3.1.3.
Likelihood of continuation of dumping should the measures be allowed to lapse
.
3.1.3.1.
Production capacity and spare capacity in the PRC
3.1.3.2.
Attractiveness of the Union market
3.1.3.3.
Relationship between export prices to third countries and the export price level to the Union
3.1.3.4.
Conclusion on the likelihood of continuation or recurrence of dumping
3.2.
Taiwan
3.2.1.
Preliminary remarks
3.2.2.
Continuation of dumping of imports during the review investigation period
3.2.2.1.
Normal value
3.2.2.2.
Export price
3.2.2.3.
Comparison
3.2.2.4.
Conclusion
3.2.3.
Likelihood of continuation of dumping should measures be allowed to lapse
3.2.3.1.
Production capacity and spare capacity in Taiwan
3.2.3.2.
Attractiveness of the Union market
3.2.3.3.
Relationship between export prices to third countries and the price level in the Union
3.2.3.4.
Conclusion on the likelihood of continuation of dumping
4.
INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Union consumption
|
2017 |
2018 |
2019 |
RIP |
Union consumption |
3 691 581 |
3 725 022 |
3 450 240 |
3 197 395 |
Index |
100 |
101 |
93 |
87 |
Source: Eurofer, sampled Union producers and Eurostat |
4.3.
Imports from the countries concerned
4.3.1.
Volume and market share of the imports from the countries concerned
|
2017 |
2018 |
2019 |
RIP |
PRC |
7 543 |
7 493 |
9 816 |
12 546 |
Index |
100 |
99 |
130 |
166 |
Market share |
0,2 % |
0,2 % |
0,3 % |
0,4 % |
Index |
100 |
98 |
139 |
192 |
Taiwan |
194 430 |
213 577 |
178 758 |
159 110 |
Index |
100 |
110 |
92 |
82 |
Market share |
5,3 % |
5,7 % |
5,2 % |
5,0 % |
Index |
100 |
109 |
98 |
94 |
Total countries concerned |
201 973 |
221 070 |
188 574 |
171 656 |
Index |
100 |
109 |
93 |
85 |
Market share |
5,5 % |
5,9 % |
5,5 % |
5,4 % |
Index |
100 |
108 |
100 |
98 |
Source: Eurostat |
4.3.2.
Prices of the imports from the countries concerned and price undercutting
|
2017 |
2018 |
2019 |
RIP |
PRC |
2 376 |
2 352 |
2 293 |
2 228 |
Index |
100 |
99 |
96 |
94 |
Taiwan |
1 658 |
1 749 |
1 687 |
1 657 |
Index |
100 |
106 |
102 |
100 |
Source: Eurostat |
4.4.
Imports from third countries other than the PRC and Taiwan
Country |
|
2017 |
2018 |
2019 |
RIP |
Republic of Korea |
Volume (tonnes) |
147 695 |
165 812 |
160 947 |
164 429 |
|
Index |
100 |
112 |
109 |
111 |
|
Market share |
4,0 % |
4,5 % |
4,7 % |
5,1 % |
|
Index |
100 |
111 |
117 |
129 |
|
Average price (EUR/tonne) |
1 858 |
1 944 |
1 860 |
1 855 |
|
Index |
100 |
105 |
100 |
100 |
India |
Volume (tonnes) |
114 508 |
120 631 |
105 251 |
108 777 |
|
Index |
100 |
105 |
92 |
95 |
|
Market share |
3,1 % |
3,2 % |
3,1 % |
3,4 % |
|
Index |
100 |
104 |
98 |
110 |
|
Average price (EUR/tonne) |
2 079 |
2 173 |
2 075 |
2 073 |
|
Index |
100 |
104 |
100 |
100 |
Indonesia |
Volume (tonnes) |
13 830 |
34 648 |
72 739 |
89 131 |
|
Index |
100 |
251 |
526 |
644 |
|
Market share |
0,4 % |
0,9 % |
2,1 % |
2,8 % |
|
Index |
100 |
248 |
563 |
744 |
|
Average price (EUR/tonne) |
1 818 |
1 923 |
1 917 |
1 962 |
|
Index |
100 |
106 |
105 |
108 |
Other third countries |
Volume (tonnes) |
478 128 |
471 816 |
392 470 |
332 866 |
|
Index |
100 |
99 |
82 |
70 |
|
Market share |
13 % |
13 % |
11 % |
10 % |
|
Index |
100 |
98 |
88 |
80 |
|
Average price (EUR/tonne) |
2 267 |
2 865 |
2 940 |
2 978 |
|
Index |
100 |
126 |
130 |
131 |
Total of all third countries except the countries concerned |
Volume (tonnes) |
754 161 |
792 907 |
731 407 |
695 203 |
|
Index |
100 |
105 |
97 |
92 |
|
Market share |
20 % |
21 % |
21 % |
22 % |
|
Index |
100 |
104 |
104 |
106 |
|
Average price (EUR/tonne) |
2 150 |
2 205 |
2 096 |
2 091 |
|
Index |
100 |
103 |
97 |
97 |
Source: Eurostat |
4.5.
Economic situation of the Union industry
4.5.1.
General remarks
4.5.2.
Macroeconomic indicators
4.5.2.1.
Production, production capacity and capacity utilisation
|
2017 |
2018 |
2019 |
RIP |
Total Union production (tonnes) |
3 708 262 |
3 640 429 |
3 379 817 |
3 111 804 |
Index |
100 |
98 |
91 |
84 |
Production capacity (tonnes) |
4 405 623 |
4 517 379 |
4 530 146 |
4 572 365 |
Index |
100 |
103 |
103 |
104 |
Capacity utilisation |
84 % |
81 % |
75 % |
68 % |
Index |
100 |
96 |
89 |
81 |
Source: Eurofer |
4.5.2.2.
Sales volume and market share
|
2017 |
2018 |
2019 |
RIP |
Union industry sales volumes (tonnes) |
2 735 448 |
2 711 044 |
2 530 259 |
2 330 537 |
Index |
100 |
99 |
92 |
85 |
Market share |
74,1 % |
72,8 % |
73,3 % |
72,9 % |
Index |
100 |
98 |
99 |
98 |
Source: Eurofer and Eurostat |
4.5.2.3.
Growth
4.5.2.4.
Employment and productivity
|
2017 |
2018 |
2019 |
RIP |
Number of employees |
13 411 |
13 495 |
13 968 |
13 660 |
Index |
100 |
101 |
104 |
102 |
Productivity (tonnes per staff) |
277 |
270 |
242 |
228 |
Index |
100 |
98 |
88 |
82 |
Source: Eurofer |
4.5.2.5.
Magnitude of the dumping margin and recovery from past dumping
4.5.3.
Microeconomic indicators
4.5.3.1.
Prices and factors affecting prices
|
2017 |
2018 |
2019 |
RIP |
Average unit sales price (EUR/tonne) |
2 252 |
2 312 |
2 206 |
2 175 |
Index |
100 |
103 |
98 |
97 |
Unit cost of production (EUR/tonne) |
1 958 |
2 064 |
2 019 |
2 013 |
Index |
100 |
105 |
103 |
103 |
Source: Sampled Union producers |
4.5.3.2.
Labour costs
|
2017 |
2018 |
2019 |
RIP |
Average labour costs per FTE (EUR) |
72 366 |
70 663 |
71 659 |
70 324 |
Index |
100 |
98 |
99 |
97 |
Source: Sampled Union producers |
4.5.3.3.
Inventories
|
2017 |
2018 |
2019 |
RIP |
Closing stocks (tonnes) |
125 626 |
148 777 |
125 480 |
98 835 |
Index |
100 |
118 |
100 |
79 |
Closing stocks as a percentage of production |
5,54 % |
6,53 % |
6,09 % |
5,13 % |
Index |
100 |
118 |
110 |
93 |
Source: Sampled Union producers |
4.5.3.4.
Profitability, cash flow, investments, return on investments and ability to raise capital
|
2017 |
2018 |
2019 |
RIP |
Profitability of sales in the Union to unrelated customers (% of sales turnover) |
7,6 % |
6,0 % |
1,5 % |
0,4 % |
Index |
100 |
79 |
19 |
6 |
Cash flow (EUR) |
387 200 359 |
273 674 277 |
237 840 311 |
184 024 688 |
Index |
100 |
71 |
61 |
48 |
Investments (EUR) |
111 578 442 |
111 637 871 |
96 541 925 |
96 585 152 |
Index |
100 |
100 |
87 |
87 |
Return on investments |
20 % |
15 % |
6 % |
4 % |
Index |
100 |
75 |
31 |
20 |
Source: Sampled Union producers |
4.6.
Conclusion on continuation of injury
5.
CAUSATION
5.1.
PRC
5.2.
Taiwan
6.
LIKELIHOOD OF CONTINUATION AND/OR RECURRENCE OF INJURY
6.1.
PRC
6.1.1.
Spare capacity
6.1.2.
Attractiveness of the Union market
6.1.3.
Impact of potential imports from the PRC on the Union industry’s situation should the measures lapse
6.1.4.
Conclusion
6.2.
Taiwan
6.2.1.
Spare capacity
6.2.2.
Attractiveness of the Union market
6.2.3.
Impact of potential imports from Taiwan on the Union industry’s situation should the measures lapse
6.2.4.
Conclusion
7.
UNION INTEREST
7.1.
Interest of the Union industry
7.2.
Interest of unrelated importers, traders and users
7.3.
Conclusion on Union interest
8.
ANTI-DUMPING MEASURES
Article 1
Country |
Company |
Anti-dumping duty (%) |
TARIC additional code |
PRC |
Shanxi Taigang Stainless Steel Co., Ltd, Taiyuan City |
24,4 |
C024 |
PRC |
Tianjin TISCO & TPCO Stainless Steel Co Ltd, Tianjin City |
24,4 |
C025 |
PRC |
Other cooperating companies listed in Annex |
24,6 |
|
PRC |
All other companies |
25,3 |
C999 |
Taiwan |
Chia Far Industrial Factory Co., Ltd, Taipei City |
0 |
C030 |
Taiwan |
All other companies |
6,8 |
C999 |
Article 2
Article 3
ANNEX
Country |
Name |
TARIC additional code |
PRC |
Lianzhong Stainless Steel Corporation, Guangzhou |
C026 |
PRC |
Ningbo Qi Yi Precision Metals Co., Ltd, Ningbo |
C027 |
PRC |
Tianjin Lianfa Precision Steel Corporation, Tianjin |
C028 |
PRC |
Zhangjiagang Pohang Stainless Steel Co., Ltd, Zhangjiagang City |
C029 |