Russian metals producers can sustain at least $2 billion losses from a 25% U.S. import duty on steel and about $1 billion from a 10% aluminum duty, Deputy Industry and Trade Minister Viktor Yevtukhov declared. “Concerning the losses of our companies, tentative estimates show at least $2 billion from the steel duty and $1 billion…
The Ukrainian Prime Minister Vladimir Groysman has sent a letter to the US government asking it to remove Ukrainian metal products from 25% duty sanctions. On March 8 Donald Trump announced the imposition of a 25% duty on metal from all countries, except for Canada and Mexico, to protect the local market. In 2015 Ukraine…
In 2017 Ukraine exported 1.3 million tons of pig iron and 200 thousand tons of rolled metal to US. “Rolled metal accounted just for 1.3% of all Ukrainian metal exports. On the other hand, this is a perspective market, and our exports could have grown. So this is a bad news for us”, Ukrmetallurgprom president…
Sergey Belenky, chairman of the Federation of Metallurgists of Ukraine, believes that the US antidumping duties of 25% will hit Interpipe the most. “In 2017 Interpipe accounted for 19% of pipe exports to US. Other market participants will experience much lower risks”, he said. According to him, last year Ukraine also supplied 49 thousand tons…
The Economic Development and Trade Ministry of Ukraine is disappointed by a decision of the European Commission (EC) to reject price commitments proposed by Metinvest Group and other hot-rolled steel exporters in exchange for non-applying the previously introduced anti-dumping duties to them. “We are very disappointed by this decision of Europe, especially in the context…
The Ukrainian government is taking steps to remove Ukrainian products from under the U.S. sanctions for steel and aluminum products, Deputy Minister of Economic Development and Trade – Ukraine’s Trade Representative Natalia Mykolska has said. “We believe that Ukrainian products, which have been represented on the American market for a long time, do not pose…
The Eurasian Economic Committee has increased the import duty of Ukrainian steel wheels with the diameter of 710 mm from 4.75% to 34.22%. The decision has been published on the EEC site and comes into effect in 30 days. The previous investigation ended with the setting of the antidumping duty of 4.75% for 5 years…
Moscow shares the concern of European states about introduction of steel and aluminum duties by the U.S., presidential spokesman Dmitry Peskov declared. U.S. President Donald Trump said at a meeting with CEOs of metals producing companies that the country would introduce a 25% steel imports duty and a 10% aluminum duty for a long time.…
