The US Commerce Department imposed preliminary anti-dumping duties on steel produced in Russia. Additional charges will be subject to cold-rolled steel imported from Russia to the US.
The American authorities have established duties for the products of “Severstal” in the amount of 12.62% and NLMK at 16 ., 89%
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For the remaining Russian steel producers will apply a fee of 14.76%. The imposition of duties is preliminary. This means that the investigation is not yet completed, but before it ends on products is such charges will be applied from these countries and companies
In addition to Russia under the preliminary anti-dumping duties was cold-rolled from six other countries -. Brazil, . Great Britain, India, China, South Korea and Japan
highest duty, traditionally for the US market, will be applied to steel products from China: the collection is defined at the level of 265.79 .%
on the Japanese cold rolled spread fee of 71.35%, the Brazilian – 38.93%. For companies from the UK amount of the fee will be from 5.79 to 31.39%, of the India – 6.78%, South Korea -. From 2,17 to 6,89%
The investigation was initiated in August 2015 in response to the US steel companies, who accuse foreign producers of dumping. Appeal was signed by AK Steel, ArcelorMittal USA, Nucor Corporation, Steel Dynamics and US Steel.
«Severstal” does not agree with the introduction of fees, because they do not believe that there are traces of dumping pricing. “Severstal” supplies its products in full compliance with the rules of international trade “, – noted the request” Gazety.Ru “to the company. NLMK said that “you must first become familiar with the argument,” the American side. Also, there is added, that if the introduction of duties on rolled reduce imports to the US market, this may increase the demand for the products of steelmaking NLMK companies located in the United States.
In the “Severstal” also emphasize that the hope of the that the provisional duties will be abolished by the end of the investigation. The company said it continues to participate in the investigation and hope “that the final decision will be based on objective data».
In the negotiations with the US side can take part, and representatives of the Russian relevant agencies.
According to the source “Gazety.Ru” in metallurgical industry, in March or April will be the verification visits of industry and Trade, during which data will be adjusted according to the preliminary anti-dumping duties.
The new duties could be another blow to the Russian cold-rolled steel. In February of this kind of Russian steel products imposed provisional anti-dumping duties the EU. Then address dopsbory were established, in addition to “Severstal” and Novolipetsk Steel, for the Magnitogorsk Metallurgical Combine (MMK). The highest duty rate has been detected for NLMK – at a rate of 26.2% for the “Severstal”, it was 25.4%, MMK – at the level of 19,8%
But in contrast to the EU US market for cold rolling was not a key area of marketing or for NLMK, nor for” Severstal ».
in NLMK stressed that” the US market cold-rolled steel is not It is strategic for the export of Russian NLMK group. ” According to NLMK financial report for the IV quarter of 2015, shipments of cold-rolled products in 2015 amounted to about 40 thousand. Tons. The volume shipped in the US cold rolled, produced by “Severstal”, also hovering around 40 thousand. Tons, said “Gazeta.ru “a source close to the company
The volume of imports of Russian steel to the United States, according to data for the year 2014 amounted to 89.4 thousand tons of comparison,… from China to the United States has delivered more than 873 tons of cold-rolled. hire. These data are presented in the Ministry of Trade US materials published in the summer of 2015. The share of Russian products in the total volume of cold rolled steel, against which were made by US steelmakers, is only 5%.
The global steel market in recent years has faced, like many other commodity markets, with a high level of supersaturation.
This has affected the prices for steel products, which for the last year slipped by several tens of percent. Thus, prices for hot-rolled steel in the United States, China and Europe in annual terms fell by 40-42%, to $ 310 / ton in China, $ 324 / ton in Europe and $ 441 / ton in the United States.
All of this is happening against the background of inhibition of growth of China’s economy, which is the largest producer and consumer of steel in the world. The growth of steel consumption in China is slowing down, which led to the fact that it is not in demand in the country Chinese products flooded the world market. According to China Customs, exports of steel from China increased by 19.9% in 2015 to 112.42 million tons. Last year, China exported steel products more than made any other country in the world.
The global steel market is viewed, primarily targeting Chinese steel, as evidenced by high anti-dumping duties, which are introduced in different countries against steel products from China, said in a conversation with “Gazetoy.Ru” Andrew Tretelnikov IR TCS Partners analyst. That decision, which was adopted by the US authorities, directly related to the protection of strategic industries, which has faced, as well as throughout the world, with an excess of cheap deals.
«Chinese rolling becomes so cheap that the markets are trying to protect themselves from such cheap products. Russian rental is also threatened by the fact that the ruble was devalued and Russian companies have suddenly become competitive, “- he said in a conversation with” Gazetoy.Ru “FS BCS analyst Kirill Chuiko
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«If you count all together, the volume of imports of targeted countries – about 12 million tons with a total volume of steel imports into the US in the region of 35 million tonnes, that is, under the duties have fallen almost 30% of imports of cold rolled products. In part, it’s okay to affect domestic prices in the United States, “- said Tretelnikov
part of the investigation and imposition of duties and restrictions indicate the global market weakness began.. “All against all. This usually occurs at the bottom of the industry, when something needs to be done, and economic methods do not help “, – the expert said
« And this is just the beginning -. Chuyko notes. – The links of one chain of bad. Trade wars, barriers – a topic that is dominating the industry in the next three to five years, »
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