Interpipe Group won a reduction of more than a fifth in a European Union steel-pipe tariff because the EU found the company had reduced price undercutting.
The EU lowered the import duty applying to two Interpipe units – Interpipe Niko Tube and Interpipe Nizhnedneprovsky Tube Rolling Plant OJSC – to 13.8% from 17.7%. The levy is part of EU trade protection as high as 35.8% on seamless pipes and tubes from Ukraine and Russia to help EU producers including ArcelorMittal counter below-cost or dumped imports.
Organizational changes at Interpipe including a merger between two production companies and a streamlining of the sales operations, led to a lower dumping margin. (Bloomberg)