Report: Russian metals mills can lose $3 bln from US duties - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Report: Russian metals mills can lose $3 bln from US duties

MOSCOW, Mar 23 (PRIME) -- Russian metals producers can sustain at least U.S. $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 told channel Rossiya 24 in an interview broadcast on Friday.

УConcerning the losses of our companies, tentative estimates show at least $2 billion from the steel duty and $1 billion from the aluminum duty,Ф Yevtukhov said.

УThis is because our companies invested in U.S. rolling capacities and use Russian semi-products in manufacturing of end products in the U.S.Ф

He also said that Russia is considering disputing the measures in the World Trade Organization (WTO), possibly jointly with the other interested countries. China and South Korea have already expressed interest in a collective case.

Retaliation of the U.S. duties is also being considered, Yevtukhov said.

End

23.03.2018 15:18
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 77.6844 -0.3909 25 sep
USD 66.1594 -0.0903 25 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1162.98 +1.17 18:50 24 sep
micex 2430.01 +0.13 18:50 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 159.00 +0.23 18:49 24 sep
lkoh 4780.00 +0.90 18:48 24 sep
rosn 447.05 +1.51 18:48 24 sep
sber 198.75 +2.75 18:49 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 77.5600 -0.8850 14:59 24 sep
USDTD 65.7650 -0.7025 17:44 24 sep