74It is apparent from recital 175 and Article 1 of the regulation at issue that the Commission applied that rule in order to set the rates of the definitive anti-dumping duty at 34% in respect of imports of the product concerned by Severstal and at 36.1% as regards imports of the product concerned by NLMK. In order to calculate those rates, the Commission used the so-called ‘underselling’ method. Under that method, the injury margin is calculated by comparing the price of the dumped imports with a target sales price of the Union industry. That price represents the price the Union industry could reasonably expect to charge in the EU market in the absence of the dumped imports. To establish such a hypothetical price, a target profit is added to the Union industry’s production costs. That target profit corresponds to the profit margin that the Union industry could reasonably expect under normal market conditions.
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