Egypt: Ezz Steel to Object to EU Anti-Dumping Duty Calculation Methodology

Ezz Steel is preparing to file an objection to the methodology used by the European Commission to calculate provisional anti-dumping duties on its products, a company official revealed to Asharq Bloomberg. The official, who declined to be identified due to the sensitivity of the matter, confirmed that the objection will be filed "within days." The Commission had given the parties concerned a three-week period to file an objection. The European Commission announced on Friday that it would impose provisional anti-dumping duties on Egypt, Japan, and Vietnam, effective April 7. A formal decision and final ruling are expected in October. Ezz Steel received a notification from the European Trade Commission last August that it had initiated an anti-dumping investigation into imports of hot-rolled flat steel from Egypt, India, Japan, and Vietnam, following a complaint filed by the European Steel Association (EUROFER). The Egyptian company explained at the time, in a statement published on the London Stock Exchange website, that the complaint calls for the application of anti-dumping duties on Egyptian exports, and consequently on Ezz Steel's exports as the sole Egyptian source of hot-rolled flat steel to the European Union.