CORPORATE NEWS

EC delays sanction decision on ZP

The European Commission, which is leading an anti-dumping investigation against the steel mill Železiarne Podbrezová (ŽP), decided at the end of April that it will not impose sanctions on ŽP's production until November when the investigation is expected to end.

"This is a signal that the investigation will end up positively for us," said ŽP's director, Vladimír Sotak. "ŽP has never exceeded the quota set by the EU, nor were the prices of its products sold in the EU under its production costs or under prices for domestic customers. Anyway, we decided not to increase exports to the EU but rather look for new customers in Russia, the Czech Republic, Poland and Hungary."

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