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Dec 20, 2017 11:23 EEST
SARAJEVO (Bosnia and Herzegovina), December 20 (SeeNews) – The European Commission said it has initiated an anti-dumping investigation into imports of silicon originating in Bosnia and Herzegovina into the European Union.
The Commision received a complaint on November 8 from Ferroatlántica and Ferropem, representing more than 85% of the total EU production of silicon, it said in a statement on Tuesday.
The complainants allege that imports of silicon, originating in Bosnia and Herzegovina are being dumped and are thereby causing material injury to the Union industry.
The European Commission has launched a similar action against Brazil.
The product subject to this investigation is silicon with a silicon content of less than 99.99 % by actual weight, and is mainly used in the metallurgical industry.
The dumping margins calculated are significant for Bosnia and Herzegovina, the EC said.
"The evidence provided by the complainants shows 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, resulting in substantial adverse effects on the overall performance and on the financial situation of the Union industry since 2014," it explained.
The investigation of dumping and injury will cover the period from 1 October 2016 to 30 September 2017, and will be concluded within 15 months of the date of the publication of the EC's notice on December 19.
If the Commision finds the existence of dumping and establishes injury, a decision will be reached as to whether the adoption of anti-dumping measures would not be against the Union interest.
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