Eurofer Pushes for Anti-Dumping Inquiry on HDG Imports from Vietnam and India

Eurofer Pushes for Action Against Unfair Steel Imports

The European Steel Association (Eurofer) has requested the European Commission to start an anti-dumping investigation on hot-dipped galvanized (HDG) steel imports from Vietnam and India. Eurofer claims that the rise in low-cost imports is harming European steel producers. This move highlights growing concerns over the impact of subsidized steel flooding the European market. This is another example of the need for Eurofer anti-dumping initiatives to safeguard the industry.

Surge in Vietnamese and Indian Steel Shipments to Europe

Vietnam’s Impact on European Steel Market

Vietnam’s HDG exports to the European Union have sharply risen in 2024. The monthly shipments now average over 100,000 tons, compared to 60,000 tons in 2023. This increase has raised alarm among local steel manufacturers, who argue that these subsidized imports threaten to disrupt the market by underpricing local products. Eurofer anti-dumping measures could potentially address these issues.

India’s Rising Exports Despite Quotas

India has seen a steady rise in HDG exports to Europe, even with strict export quotas. The EU caps Category 4A shipments at 55,000 tons per year, which are being quickly exhausted. Category 4B exports are also limited to about 78,000 tons. Eurofer argues that continued growth in Indian steel exports demands action to protect European producers. The need for Eurofer anti-dumping actions is becoming more evident.

EU’s Strategy to Safeguard Domestic Steel Industry

The EU is already investigating hot-rolled coil (HRC) imports, focusing on similar concerns raised by Eurofer regarding HDG steel. These investigations are part of the EU’s ongoing efforts to protect its domestic metal industry from unfair trade practices. Provisional anti-dumping duties on HRC imports are expected by March 8, 2024, signaling the EU’s determination to shield its steel industry. Eurofer anti-dumping strategies will be crucial in these efforts.

The European Union aims to ensure fair competition, promoting sustainable and competitive steel production within Europe while limiting the influx of subsidized imports from countries like Vietnam and India. Therefore, it is essential to address Eurofer anti-dumping concerns to maintain market stability.