COMMISSION IMPLEMENTING REGULATION (EU) 2021/1432
of 1 September 2021
imposing a definitive anti-dumping duty on imports of certain pre- and post-stressing wires and wire strands of non-alloy steel (PSC wires and strands) originating in the People’s Republic of China following an expiry review pursuant to Article 11(2) of the Regulation (EU) 2016/1036 of the European Parliament and of the Council
1.
PROCEDURE
1.1.
Previous investigations and measures in force
1.2.
Request for an expiry review
1.3.
Interested parties
1.4.
Sampling
1.4.1.
Sampling of Union producers
1.4.2.
Sampling of exporting producers and unrelated importers
1.5.
Questionnaires and verification visits
1.6.
Subsequent procedure
1.7.
Review investigation period and period considered
1.8.
Withdrawal of the United Kingdom from the Union
2.
PRODUCT UNDER REVIEW AND LIKE PRODUCT
2.1.
Product under review
2.2.
Like product
3.
LIKELIHOOD OF CONTINUATION OR RECURRENCE OF DUMPING
3.1.
Preliminary remarks
3.2.
Continuation of dumping of imports during the review investigation period
3.2.1.
Procedure for the determination of the normal value under Article 2(6a) of the basic Regulation
3.2.2.
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 |
Turkish Tariff Code |
Source of data |
Unit undistorted value |
Raw Material |
|
|
|
Wire rod |
7213.91.410013, 7213.91.490013, 7213.91.701013, 7213.917090, 7213.9190 |
GTA |
519,585 EUR/tonne |
Labour |
|||
Labour wages in manufacturing sector, NACE C.25 |
[N/A] |
TÜİK – Veri Portalı (tuik.gov.tr) |
5,713 EUR/hour |
Energy |
|||
Electricity consumer band 2 000 – 20 000 MWh/year) |
[N/A] |
Turkish statistical institute |
0,073 EUR/kWh |
(1)
Raw materials
(2)
Labour
(3)
Electricity
(d) Manufacturing overhead costs, SG&A and profits
(e) Calculation of normal value
(f) Export price
3.3.
Likelihood of recurrence of dumping should the measures be allowed to lapse
(a)
Exports to third countries
(b)
Production capacity and spare capacity in the PRC
(c)
Availability of other markets
(d)
Attractiveness of the Union market
(e)
Conclusion on the likelihood of recurrence of dumping
3.4.
Overall conclusion on the likelihood of continuation or recurrence of dumping
4.
LIKELIHOOD OF A CONTINUATION OR RECURRENCE OF INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Union consumption
|
2016 |
2017 |
2018 |
RIP |
Union consumption (tonnes) |
532 996 |
560 601 |
568 200 |
538 344 |
Index (2016 = 100 %) |
100 |
105 |
107 |
101 |
Source: Verified data of the sampled Union producers and industry data, Eurostat (TARIC) |
4.3.
Imports from China
4.3.1.
Volume and market share of imports from China
|
2016 |
2017 |
2018 |
Review investigation period |
Import volume (tonnes) |
111 |
109 |
78 |
86 |
Indexed import volume (2016 = 100) |
100 |
99 |
71 |
78 |
Market share |
0,02 % |
0,02 % |
0,01 % |
0,02 % |
Source: Eurostat (TARIC level) |
4.3.2.
Prices of imports from China
4.4.
Imports from other third countries
Country |
|
2016 |
2017 |
2018 |
Review investigation period |
Total third countries excl. China |
Imports (tonnes) |
30 460 |
25 937 |
31 064 |
25 500 |
|
Index |
100 |
85 |
102 |
84 |
|
Market share |
5,7 % |
4,6 % |
5,5 % |
4,7 % |
|
Price (EUR/tonne) |
649 |
770 |
872 |
836 |
|
Index (2016 = 100) |
100 |
119 |
134 |
129 |
Thailand |
Imports (tonnes) |
3 965 |
5 174 |
9 972 |
11 337 |
|
Market share |
0,7 % |
0,9 % |
1,8 % |
2,1 % |
|
Price (EUR/tonne) |
607 |
700 |
859 |
759 |
Russia |
Imports (tonnes) |
11 292 |
13 875 |
8 861 |
4 875 |
|
Market share |
2,1 % |
2,5 % |
1,6 % |
0,9 % |
|
Price (EUR/tonne) |
589 |
717 |
814 |
746 |
South Korea |
Imports (tonnes) |
12 600 |
2 457 |
3 942 |
3 968 |
|
Market share |
2,4 % |
0,4 % |
0,7 % |
0,7 % |
|
Price (EUR/tonne) |
608 |
835 |
896 |
905 |
Other third countries (excl. China, Thailand, South Korea and Russia) |
Imports (tonnes) |
2 602 |
4 431 |
8 290 |
5 320 |
|
Market share |
0,5 % |
0,8 % |
1,5 % |
1,0 % |
|
Price (EUR/tonne) |
1 171 |
985 |
939 |
1 030 |
Source: Eurostat (TARIC level) |
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
|
2016 |
2017 |
2018 |
Review investigation period |
Production volume (tonnes) |
640 180 |
687 215 |
678 242 |
658 922 |
Index (2016 = 100) |
100 |
107 |
106 |
103 |
Production capacity (tonnes) |
838 776 |
850 085 |
866 952 |
946 481 |
Index (2016 = 100) |
100 |
101 |
103 |
113 |
Capacity utilisation |
76 % |
81 % |
78 % |
70 % |
Source: Data provided by the Union industry and verified questionnaire replies of the sampled Union producers. |
4.5.2.2. Sales volume and market share
|
2016 |
2017 |
2018 |
Review investigation period |
Sales volume in the Union (tonnes) |
500 026 |
532 455 |
534 957 |
510 857 |
Index (2016 = 100) |
100 |
106 |
107 |
102 |
Market share |
94 % |
95 % |
94 % |
95 % |
Source: Data provided by the Union industry and verified questionnaire replies of the sampled Union producers. |
4.5.2.3. Growth
4.5.2.4. Employment and productivity
|
2016 |
2017 |
2018 |
Review investigation period |
Number of employees |
957 |
983 |
1 040 |
1 053 |
Index (2016 = 100) |
100 |
103 |
109 |
110 |
Productivity (tonnes/employee) |
669 |
699 |
652 |
626 |
Index (2016 = 100) |
100 |
104 |
98 |
94 |
Source: Data provided by the Union industry and verified questionnaire replies of the sampled Union producers. |
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
|
2016 |
2017 |
2018 |
Review investigation period |
Average unit selling price in the Union (EUR/tonne) |
639 |
715 |
868 |
752 |
Index (2016 = 100) |
100 |
112 |
136 |
118 |
Unit cost of production (EUR/tonne) |
676 |
746 |
860 |
803 |
Index (2016 = 100) |
100 |
110 |
127 |
119 |
Source: verified questionnaire replies of the sampled Union producers. |
4.5.3.2. Labour costs
|
2016 |
2017 |
2018 |
Review investigation period |
Average labour costs per employee (EUR/employee) |
39 592 |
40 377 |
41 721 |
42 371 |
Index (2016 = 100) |
100 |
102 |
105 |
107 |
Source: verified questionnaire replies of the sampled Union producers. |
4.5.3.3. Stocks
|
2016 |
2017 |
2018 |
Review investigation period |
Closing stocks (tonnes) |
8 871 |
10 597 |
9 827 |
9 096 |
Index (2016 = 100) |
100 |
119 |
111 |
103 |
Closing stocks as a percentage of production |
3,0 % |
3,7 % |
3,5 % |
3,1 % |
Source: verified questionnaire replies of the sampled Union producers. |
4.5.3.4. Profitability, cash flow, investments, return on investments and ability to raise capital
|
2016 |
2017 |
2018 |
Review investigation period |
Profitability of sales in the Union to unrelated customers (% of sales turnover) |
2 % |
1 % |
6 % |
-1 % |
Cash flow (EUR) |
8 026 311 |
2 095 475 |
14 174 734 |
6 744 880 |
Index (2016 = 100) |
100 |
26 |
177 |
84 |
Investments (EUR) |
1 070 047 |
3 374 137 |
3 419 199 |
4 322 493 |
Index (2016 = 100) |
100 |
315 |
320 |
404 |
Return on investments |
9 % |
6 % |
37 % |
-9 % |
Source: verified questionnaire replies of the sampled Union producers. |
4.5.4.
Conclusion on the situation of the Union industry
5.
LIKELIHOOD OF A RECURRENCE OF INJURY
5.1.
Production capacity and spare capacity in China
5.2.
Likely price levels of imports from China in the absence of anti-dumping measures and impact on the Union industry
5.3.
Attractiveness of the Union market
5.4.
Conclusion
6.
UNION INTEREST
6.1.
Interest of the Union industry
6.2.
Interest of importers/traders
6.3.
Interest of users
6.4.
Conclusion on Union interest
7.
ANTI-DUMPING MEASURES
Article 1
Company |
TARIC additional code |
Anti-dumping duty |
Kiswire Qingdao, Ltd, Qingdao |
A899 |
0 % |
Ossen Innovation Materials Co. Joint Stock Company Ltd, Maanshan, and Ossen Jiujiang Steel Wire Cable Co. Ltd, Jiujiang |
A952 |
31,1 % |
All other companies |
A999 |
46,20 % |