E.U. Imposes Five-Year UAN Duties (Correction-Duties Adjusted)
The European Union has imposed five-year tariffs on UAN from Russia, the U.S. and Trinidad and Tobago, according to a Bloomberg report citing the E.U.’s Official Journal. The five-year protection follows provisional E.U. measures introduced in April that took the form of ad valorem duties.
The rates of the anti-dumping levies are:
- 42.47 ($46.63) euros a metric ton against all Russian exporters including Acron PJSC except two, Azot and Nevinnomyssky Azot, which face a duty of 27.77 euros a ton
- 29.48 euros a ton against U.S. producers including CF Industries Holdings Inc.
- 22.24 euros a ton against Trinidad and Tobago-based Methanol Holdings (Trinidad) Ltd. and any other manufacturers there
The five-year duties will take effect Thursday, Oct. 10.
The definitive levies translate into a maximum 31.9 percent on Russia, 23.9 percent on the U.S. and 16.2 percent on Trinidad and Tobago. For Russia and Trinidad and Tobago, those rates are lower than the provisional levies. As a result, the E.U. will refund importers the difference with the five-year duties.