Russia’s Severstal, NLMK challenge EU’s cold-rolled steel duties

MOSCOW, Nov 17 (PRIME) -- Russian steelmakers Severstal and Novolipetsk Steel (NLMK) have sent suits to the E.U.’s General Court challenging decision of the European Commission to introduce duties on imports of cold-rolled steel products from Russia, representatives of the companies told PRIME on Thursday.

In August, the E.U. introduced an anti-dumping duty on cold-rolled steel from Russia and China for five years, including a 34.1% duty for Severstal, and to 36.1% duty for NLMK and other Russian companies, and an 18.7% duty for Magnitogorsk Iron and Steel Works (MMK).

A representative of Severstal said that during the anti-dumping investigation the company submitted to the commission all the necessary information that showed that the company committed no dumping. An NLMK representative said that investigation was carried out with many violations, and the company had no other choice but to file the suit.

According to materials of the companies, Severstal exported about 200,000–250,000 tonnes of cold-rolled steel products to the E.U. in 2015, while NLMK exported about 350,000 tonnes of product there.

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