Russia may impose AD duty on SS flat products from EU

Russia may impose AD duty on SS flat products from EU

In October 2004, Russia's Economic Development and Trade Ministry (MERT) initiated an antidumping investigation on nickel-containing steel product imported from the EU, upon a request filed by Chelyabinsk Metallurgical Combine, a Mechel Steel Group company, with the support of the Hammer and Sickle and Red October plants. Those plants were responsible for 80 percent of the stainless steel production in Russia at the time the request was filed. Chelyabinsk plant claimed that the sales of subject merchandise imported from the EU were made at lower prices in Russia causing material injury to Russian industry. The MERT has reportedly prepared a draft administration resolution to impose a duty of Euro 0.84 per kg on stainless steel imported from Europe. In line with the draft resolution, the duty, which is planned to come into force one month after the resolution's publication, will remain in effect for three years. The MERT filed the proposed resolution to the interested agencies, including the Finance Ministry, Federal Customs Service and Federal Antimonopoly Service. The new duty is expected to come into effect before the end of this month.