Restrictive trading measures against Russia mostly affect ferrous metals

Thursday, 05 August 2010 16:20:28 (GMT+2)

According to Russia's Ministry of Economic Development, more than half of all antidumping measures imposed by foreign countries against Russian imports affect ferrous metals and ferrous metal products.

In particular, since the beginning of the current year, Ukraine initiated a special protective investigation against imports of ferroalloys from Russia, while Mexico started an investigation against Russian imports of helical steel pipes. In addition, under review are the United States' antidumping measures on imports of Russian magnesium and hot rolled steel, Mexico's measures on imports of Russian cold rolled and hot rolled coils, and Turkey's measures on imports of Russian steel cable and steel rope.

Meanwhile, in H1 2010, nine measures were terminated which had impeded access of Russian goods to the foreign markets, causing losses estimated at $450 million. However, not all reviews had positive results and Thailand prolonged its antidumping duties on imports of Russian hot rolled steel products.
 
As of July 1 2010, a total of 97 restrictive measures on Russian goods were being implemented by foreign countries to protect their domestic commodity markets.

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