Metinvest: Steel exports to Russia face increased obstacles

Monday, 19 August 2013 18:01:02 (GMT+3)   |  
       

Metinvest, the largest Ukrainian mining and metal holding company, has reported that controls by Russian customs on its steel products supplied to the Russian market have increased from August 13 this year.

Extra weighing is now carried out by Russian customs on all incoming steel, whereas previously only certain incoming consignments were selected and examined. Extra checks are also carried out on customs documentation, including certificates of origin, with documentation being sent to Moscow for examination. Previously, Metinvest noted, the origin of its products was never doubted.

The Ukrainian Employers' Federation has stated that from August 14 Russian customs officers have been inspecting all products from Ukraine. In particular, the weighing of all products blocks the supply of Ukrainian products. According to the federation, such checks will continue until the end of September, resulting in huge losses.

The Ukrainian government is considering complaining to the World Trade Organization (WTO) about Russia's denial of customs clearance to some Ukrainian goods, according to Ukrainian Economic Development and Trade Minister Ihor Prasolov.

Ukrainian Prime Minister Mykola Azarov has ordered the setting up of a working group to examine a wide range of issues in Ukrainian-Russian relations, Minister Prasolov said.


Similar articles

Russia-Ukraine conflict: What is the current impact on the steel business?

23 Feb | Steel News

Igor Sapozhnikov: MMK to focus on sales in Russia amid strong demand and global protectionism

06 Nov | Steel News

Moody’s upgrades TMK’s outlook to stable from negative

28 Feb | Steel News

Moody’s upgrades MMK’s credit rating with positive outlook

01 Feb | Steel News

Moody's upgrades Evraz Group’s outlook to positive from stable

22 Aug | Steel News

Fitch upgrades MMK’s credit rating with a stable outlook

26 Jul | Steel News

Fitch Ratings upgrades MMK’s credit rating with a stable outlook

18 Jul | Steel News

Moody’s upgrades MMK’s outlook to stable

24 Feb | Steel News

Moody's issues negative 2017 outlook for Russian steel industry amid weak demand

01 Nov | Steel News

Fitch upgrades Severstal's rating to BBB- with negative outlook

25 May | Steel News