8 August 2024 – The EU Commission has today initiated anti-dumping investigations against HRCs from Egypt, India, Japan and Vietnam. Is this again targeting Vietnam in particular? Indonesia wants to ban construction of new coal-fired power plants for nickel processing. Hectic EU market protection measures due to failure of CBAM?
EU initiates anti-dumping proceedings against HRCs from Egypt, India, Japan and Vietnam
As expected yesterday, the European Commission has initiated anti-dumping investigations against imports of certain hot-rolled flat products of iron, non-alloy or other alloy steel originating in Egypt, India, Japan and Vietnam at the request of the European steel producers’ association EUROFER today, Thursday.
Anti-dumping: Vietnam the main target of the EU market defence watchdogs?
Vietnam in particular once again appears to be at the top of the EU market defence watchdogs’ hit list, as was the case with the latest anti-circumvention proceedings against flat rolled stainless steel. In the case of Vietnam, the Commission and EUROFER have apparently deviated from the usual calculation methods for anti-dumping investigations in order to be able to assume “significant” dumping margins against Vietnam.
Indonesia wants to ban new coal-fired power plants for nickel processing
The Indonesian government has announced further measures to reduce CO2 emissions in nickel production. In order to achieve this goal, no more new coal-fired power plants are to be authorised if possible and nickel processors will have to resort to sustainable and renewable energies in future.
Like Europe, Indonesia wants to rely on carbon capture technologies
The existing coal-fired power plants are to be shut down by 2050 at the latest and their CO2 emissions significantly limited before then. To this end, Indonesia is planning to use carbon capture technologies, among other things, which should also help reduce CO2 emissions in Europe. In mid-June 2024, for example, the German government announced the “green light for CO2 storage in Germany“.
Hectic EU market protection measures due to failure of CBAM?
The Indonesian initiatives of recent weeks and months to drastically reduce CO2 emissions, particularly in the nickel industry there, paint a clear picture. And they also explain all the outrageous and hair-splitting measures taken by the European Commission against the stainless steel supplier Indonesia. These market protection measures serve solely as a substitute for the restrictions imposed by the EU Carbon Border Tax CBAM, which are becoming obsolete.
Thorsten Gerber, CEO of the Gerber Group, said today: “If I were to say out loud what I think about the European Commission and its behaviour, I would very probably make myself liable to prosecution.”
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