The authorities of the EU for six months has imposed provisional anti-dumping duties on imports of cold-rolled steel from Russia and China, the corresponding decision was published on Friday, February 12, in the EU official journal. Thus the products of different manufacturers fees set at different levels.
The lowest is 19.8% coated products of the Magnitogorsk metallurgical combine (MMK). Cold-rolled steel from Severstal now taxed at 25.4%, while the same goods in the production of the Novolipetsk metallurgical combine (NLMK) and all other manufacturers is 26.2%. For Chinese companies fees range from 13.8 to 16%.
According to Eurostat, in 2014 the share of Russian manufacturers in the market of cold-rolled EU was 10.1%. During the year, Russian companies supplied in the EU 724,758 thousand tons of cold-rolled at an average price of €499 per tonne. Statistics indicate that over the three years (2011 to 2014), the share of Russians on the EU market increased 1.7 times (from 5.9 to 10.1%), shipments jumped a half times (from 466 thousand to 724,7 thousand tons), while the average price decreased by 21% (from €630 to 499 per tonne).
The representatives placed under new restrictions companies explained that the introduction of fees will reduce competition in the European market and can be the cause of rising prices.
“We insist that the EU is a mistake. All the arguments and facts Russian side were ignored, and the investigation was used incorrect source data. The company will continue to insist on objective consideration that this bug was fixed,” — said “Interfax” the representative of NLMK, noting at the same time that changing the rules of the game will help rental companies “NLMK Europe”, which is currently underutilized.
In MMK “Interfax” reported that the company supplies to the EU at market prices in strict accordance with international law and will use all legal means to contest the decision of the national Assembly.
The representative “Severstal” in conversation with TASS said the decision of EU on introduction of prohibitive duties “in direct violation” of WTO rules, and promised that the company will challenge discriminatory conduct.
In anticipation of the imposition by the EU authorities of its decision Oleg Petropavlovsky from the BCS said that it is about actual close of the European market, which will have serious implications for Russian metallurgists. “Given the falling demand for steel products in the domestic market to find new customers on the displaced volume of cold sheet will not be easy. Likely, companies will reduce production,” he said.
22 January 2016, duties on Russian steel have entered Turkey, whose authorities have established a duty on hot rolled flat products MMK (13,7%), Severstal (12.4%) and NLMK (9.4 per cent).
Overall Russian steel 28 apply restrictive tariffs in different countries, according to the forecast of socio-economic development from 2016 to 2018, published by the Ministry of economic development in October 2015. The most problematic markets for Russian metal are the USA, the EU and Mexico. Damage to domestic industry from protective measures is estimated at $1.1 billion, estimated the Ministry of economy.