Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

EU May Renew Ammonium-Nitrate Duties on Russia for 5 More Years

July 12 (Bloomberg) -- The European Union threatened to renew for another five years tariffs on ammonium nitrate from Russia, saying EU producers may need longer protection.

The EU said it would examine whether to re-impose the duties as high as 47.07 euros ($62) a metric ton against Russian exporters including OAO EuroChem for allegedly having sold the fertilizer in the bloc below cost, a practice known as dumping.

The review will determine whether “the expiry of the measures would be likely to result in continuation of dumping and recurrence of injury” to the EU industry, the European Commission, the 28-nation bloc’s trade authority in Brussels, said today in the Official Journal. The anti-dumping duties were due to lapse tomorrow and will now stay in place during the probe, which can last as long as 15 months.

The inquiry into whether to renew the levies stems from a March 28 request by a European industry group on behalf of manufacturers that account for more than a quarter of the EU’s output of ammonium nitrate, according to the commission, which didn’t identify any companies.

In July 2008, when it last renewed the anti-dumping duties against Russia, the EU listed among its producers GPN, Zaklady Azotowe Pulawy SA and Yara International ASA, an Oslo-based manufacturer with operations in the bloc. EU anti-dumping protection against ammonium nitrate from Russia dates to 1995.

Link to Company News:{0221250D GR <Equity> CN <GO>} Link to Company News:{AKRN RM <Equity> CN <GO>} Link to Company News:{EVHM RU <Equity> CN <GO>} Link to Company News:{YAR NO <Equity> CN <GO>} Link to Company News:{ZAP PW <Equity> CN <GO>}

To contact the editor responsible for this story: Jonathan Stearns at jstearns2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.