On January 11, 2024, the European Commission made a key decision to impose definitive anti-dumping duties on steel bulb flats originating from China and Turkey. This decision has significant implications for the involved Chinese and Turkish steel companies and is a clear move by the EU to protect its domestic steel market.

In this final anti-dumping ruling, the European Commission imposed a 23.0% anti-dumping duty on Chinas Changshu Longteng Special Steel Co., Ltd. and other Chinese companies, while a 13.6% duty was imposed on Türkiye ?zkan Demir ?elik Sanayi A.? and other Turkish companies. These measures directly affect these companies exports to the EU market.

The products involved are non-alloy steel bulb flats with a width not exceeding 204 mm, primarily falling under EU CN (Combined Nomenclature) code ex 7216 50 91, with the specific TARIC code being 7216 50 91 10. The dumping investigation period covered October 1, 2021, to September 30, 2022, while the injury investigation period extended from January 1, 2019, to the end of the dumping investigation period.

This decision follows the European Commissions initiation of an anti-dumping investigation on steel bulb flats from China and Turkey on November 14, 2022. On July 12, 2023, the European Commission made a preliminary affirmative anti-dumping ruling on the involved products.

The issuance of this final anti-dumping ruling marks the EUs commitment to protecting its domestic steel industry from external market shocks. The implementation of these measures may impact the international operations of Chinese and Turkish steel companies and could force these companies to reassess their export strategies to the EU market.

For steel producers and consumers within the EU, this decision may affect market supply and price dynamics. It may also draw attention from international trade partners, particularly regarding global trade protectionism and market access issues.

As the EU continues to adjust its trade policies, participants in the global steel market need to closely monitor these changes and their potential impacts. The EUs move also demonstrates that in the globalized economy, trade disputes and protective measures between countries and regions remain significant factors influencing the market. With the implementation of this final anti-dumping ruling, relevant companies and market participants must closely watch its long-term effects on the global steel trade landscape.foreign tradeEU Issues Final Anti-Dumping Ruling on Steel Bulb Flats from China and Turkey

Original announcement:COMMISSION IMPLEMENTING REGULATION (EU) 2024/209 of 10 January 2024