On September 5th, 2012 the EU ruled to reduce the anti-dumping duties on seamless pipes, manufactured at Interpipe mills. As such, duties on imports of Interpipe seamless pipes to EU countries decreased to 13.8%.
The legislation review by the European Commission and the European Court has been running since 2006. In 2011 Interpipe filed a request to the European Commission asking for a review of anti-dumping measures. During the request revision the company proved that the margin of dumping has decreased significantly. In June 2012, the European Commission announced a reduction of duties on tubular goods of Interpipe from 25.1% to 17.7%. After that the EU Council published the decision to reduce them from 17.7% to 13.8% in September 2012.
Mrs. Vera Smal, sales director for pipes for Europe and CIS countries, said “The anti-dumping duties at the level of 13.8% will be a favorable factor to export development of tubular products in the EU market in 2012 -2013. Abatement in fees will allow the company to improve the position in Europe and increase the competitiveness of the pricing policy in the region. In addition, we can offer European customers a new product seamless pipes made of high quality billet by Interpipe Steel, the new electric steel melting complex”. (SteelGuru)