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tariffs’ for all electricity produced by renewable power plants with an installed capacity of more than 150 MW. Threatening the business plans of a dozen major projects, the bill “would mean a retrospective change of the “green tariff” guarantees in place since 2009,” objects the European-Ukrainian Energy Agency, the main industry association. “Implementation of this rule will cause reputational losses for the image of Ukraine as an unreliable jurisdiction for foreign investors, and will completely undermine any work to attract foreign investors and investments in Ukraine.”
9.1.11 Metallurgy & mining sector news
Russia to introduce anti-dumping duty for coated steel imports from Ukraine. The Eurasian Economic Commission (EEC) recommends introducing anti-dumping duty on imports of Ukrainian zinc-coated hot-dip galvanized (HDG) flat steel products, according to an investigation report published on the EEC’s website on Oct. 7. The Eurasian Economic Union (EAEU) is comprised of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan. The EEC is the executive body of the EAEU. The EEC’s investigation, initiated in June 2018, found that Ukrainian and Chinese exporters of HDG use dumping pricing and harm EAEU’s producers of these products. The EEC recommended imposing a 23.9% duty rate for imports from Ukraine and 12.7-17% rates (depending on the producer) for imports from China. Ukraine’s primary HDG exporter is the largest steel producer Metinvest which has annual HDG production capacities of about 400 kt at Ilyich Steel (2018 production: 320 kt) and 100 kt at Unisteel (35 kt). In 2018, Ukraine exported 86.6 kt of HDG to Russia (31% less y/y) for a total of $56.7mn (at a price of $654/t). In 7M19, Ukraine’s HDG exports to Russia amounted to 57.8 kt (13% more y/y) for a total of $36.4mn ($630/t). Recall, in June Ukraine slammed a 47.57% anti-dumping duty on imports of HDG from Russia. Ukraine imported 25 kt of HDG from Russia in 2018 (a 40% y/y increase).
70 UKRAINE Country Report November 2019 www.intellinews.com