The EU is preparing to impose duties on the metal from Russia – Bloomberg

The European Commission has instructed the customs authorities to register imports of hot rolled coils from Russia and Brazil, which increases the risk of the imposition of duties. About it writes Bloomberg.

Registration also gives the European Union to impose anti-dumping duties on already supplied.

The average dumping margin for the exports from Russia is estimated at 20-40% for Brazil in 40-70%.

In July last year the European Union began an investigation in respect of the supply of hot-rolled steel from Russia, Brazil, Iran, Serbia and Ukraine.

The investigation was initiated on a complaint from the European steel Association (Eurofer). The Association believes that these countries have increased steel imports into the European Union, with the result that increased its share in the European market.

All this and the prices at which these countries sell their products in the EU, has a negative impact on local companies, said Eurofer.

In August, the European Commission imposed anti-dumping duties on cold-rolled steel from Russia. For MMK’s production rate was 18.7%, “Severstal” – 34%, NLMK and other Russian producers of 36.1%.