Vallourec has been informed about the final determination decision made by the Chinese authorities on the imports of specific seamless steel tubes. Vallourec takes note that some of its key arguments have been taken into consideration. The anti dumping duties have been adjusted downwards 17.8 to 13%. Most of the imports will be treated equally thanks to this final rate.
Vallourec reminds that the procedure only concerns a part of its range of products sold for conventional power plants, which represent as of today much less than 1% of the Group's sales. Nuclear segment is not affected by this proceeding. In total, Vallourec's sales to China represented less than 3% of the total Group's sales in 2013.