Brussels, Oct 2: The European Union (EU) has finally approved anti-dumping duties on steel pipes originating in Russia and Ukraine, Official Journal of the European Union on Tuesday reported.
"The EU Council [is] imposing a definite anti-dumping duty on imports of certain seamless pipes and tubes, of iron or steel, originating in Russia and Ukraine," a statement in the Official Journal said.
The duties have been set in the range of 24.1 per cent to 35.8 per cent for various producers in Russia, and from 12.3 per cent to 25.7 per cent for Ukraine.
The decision comes into force on the following day after being released, in other words, starting October 3.
Anti-dumping duties on pipes produced in Russia and Ukraine have been in effect since 1997. Depending on market environment and court judgements, they are regularly adjusted or temporarily cancelled. (UNI)