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21 May 2007
EU pledges to review dumping duties on Russian steel
In a joint declaration issued by the European Union and Russia, the EU has formally recognised Russian concerns about the application of EU anti-dumping measures to Russian imports into Romania and Bulgaria. The purpose of the declaration, seen by Steel Business Briefing, is to confirm the extension of the present EU-Russia partnership and cooperation agreement to these two new EU member states.
Existing EU anti-dumping measures include duties of 24.1-35.8% on imports of seamless pipes and duties of 36.1-50.7% on imports of steel ropes and cables from Russia, as previously reported by SBB. According to the joint declaration, the European Commission is prepared to review these duties, if it receives adequately substantiated requests from interested parties.
Russian wire-drawing and steel processing group Severstal-Metiz welcomes the EC’s commitment, its spokeswoman tells SBB. However, she points out that the EC has still not completed a review of the anti-dumping duty on Russian steel ropes and cables which Severstal-Metiz initiated in 2004 in connection with the expansion of the EU to 25 member states. The company does not intend to lodge a new request.
The rope and cable review is continuing, an EC official confirms to SBB. Members of its anti-dumping committee are expected to discuss the matter in June or July when a result may be reached.
The Russian pipe industry development fund says the anti-dumping duty on seamless pipes, which came into force in June 2006, is having a detrimental impact on Russian producers. According to the fund’s latest estimate, EU imports of Russian seamless pipes could fall to as little as 50,000 tonnes in 2007 from 105,600 t in 2006 and 262,000 t in 2005.
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