Egypt, Ukraine face European Commission dumping probe

Egypt, Ukraine face European Commission dumping probe: The European Commission (EC) has begun investigating a complaint claiming that producers in Egypt and Ukraine are dumping ferro-silicon into EU territory. The complaint was lodged by EU-based producers Ferropem, Ferroatlántica SL, OFZ and Huta Laziska SA. The EC says “in the absence of reliable data on domestic prices for Egypt, the allegation of dumping is based on a comparison of a constructed normal value (manufacturing costs, selling, general and administrative costs — SG&A — and profit) provided by a consultancy firm with the export price (at ex-works level) of the product under investigation when sold for export to the Union… The prima facie evidence provided by the complainant show that the volume and the prices of the imported product under investigation have had, among other consequences, a negative impact on the level of prices charged by the Union industry and on its profitability.”