OREANDA-NEWS. September 13, 2012. EU ruled to reduce the anti-dumping duties on seamless pipes manufactured at Interpipe mills. As such, duties on imports of Interpipe seamless pipes to EU countries decreased to 13.8%.

The legislation review by the European Commission and the European Court has been running since 2006. In 2011 Interpipe filed a request to the European Commission asking for a review of anti-dumping measures. During the request revision the company proved that the margin of dumping has decreased significantly. In June 2012, the European Commission announced a reduction of duties on tubular goods of Interpipe from 25.1% to 17.7%. Since, the EU Council published the decision to reduce them from 17.7% to 13.8% in September 2012.

"The anti-dumping duties at the level of 13.8% will be a favorable factor to export development of tubular products in the EU market in 2012 -2013 years. Abatement in fees will allow the company to improve the position in Europe and increase the competitiveness of the pricing policy in the region - says Vera Smal, sales director for pipes for Europe and CIS countries. - In addition, we can offer European customers a new product - seamless pipes made of high-quality billet by Interpipe Steel, the new electric steel melting complex".

Interpipe is a vertically integrated steel pipe and railway wheel company. It is among the ten largest producers of pipe products and the third largest producer of railway wheels in the world. The Company’s products are supplied to more than 80 countries all over the world through a chain of commercial offices located in Ukraine, Russia, Kazakhstan, Europe, the USA and the Middle East.

In 2010 the Company’s mills produced about 1mln tons of pipe and wheel products. Annual revenue from sales in 2010 amounted to USD USD 1.3 billion.

Interpipe Steel is a key investment project for Interpipe that will provide steel and pipe production with its own billets. The new plant’s capacity will be 1,320,000 tons a year, which will make it the largest mill in Eastern Europe. Total investments for the project are USD USD 700 million.