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The Serbian government is examining whether construction corrugated concrete is being imported excessively

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The Government of Serbia will initiate an investigation procedure in which it will determine whether construction corrugated concrete steel is excessively imported into Serbia, which can lead to serious damage in the domestic industry, it was published in the latest Official Gazette.
This decision initiates a test procedure for the introduction of measures for protection against excessive import of corrugated concrete steel in bars, at the request of the company from Sremska Mitrovica, which is the only producer of this product in the country, Etalfer Steel Mill Doo Sremska Mitrovica.
As it is stated, the domestic industry submitted enough evidence to the Ministry of Trade, Tourism and Telecommunications that the import of the observed product to the Republic of Serbia is rapidly increasing in absolute and relative values in relation to domestic production, which poses a threat of serious damage to domestic industry.
The observed product was mostly imported from Bosnia and Herzegovina and the Hellenic Republic by a large number of importers, and in 2018 and 2019 there was a sharp increase in imports from the Republic of Belarus, as well as from the Republic of Turkey.
In the period 2015–2019, the import of the observed product has been growing continuously and in 2019, compared to 2015, there was an increase in imports in the absolute amount of 46.88%.
A sudden increase in imports was observed, especially from the Republic of Belarus in 2019 in relation to 2016 in the absolute amount by 780.35%, and from the Republic of Turkey in 2019 in relation to 2015 by 4482.65%.
Consumption of concrete steel in the Republic of Serbia is continuously increasing, but the share of domestic producers, despite large investments, is maintained at approximately the same level, instead of growing, so importers have benefited significantly more from increased demand.
Inventories of domestic products are constantly increasing, and in the period 2017-2019. An enormous increase in the absolute amount of 437.4% was recorded in 2006, which indicates the impossibility of exporting to traditional markets, difficult sales on the domestic market and a great danger of serious damage to the domestic producer.
The import price of the observed product from certain countries (Republic of Turkey, Republic of Belarus) is significantly lower compared to other imported prices and the price of the domestic producer, which had to reduce its selling price in order to maintain market share, which increased the cost of goods sold (about 15%), led to a drop in profitability (from 20.08% in 2016 to 12.53% in 2019).
Employment grew at a slower pace than planned, given the volume of investment and its growth. Employment is in the period 2015-2019 increased by 82.6%, and investments, in absolute terms, by 15,167.22%. Increased imports greatly jeopardize this significant investment and could lead to layoffs.
Based on the submitted information, the Ministry will determine whether the observed product is imported in increased quantities due to unforeseen circumstances and under such conditions that it causes or could cause serious damage to producers from the Republic of Serbia of the same or directly competitive product.
If the Ministry determines the existence of an increase in imports, it will propose that appropriate measures be introduced to eliminate serious damage, Nova Ekonomija reports.

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