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Severstal will dispute European Commission’s decision to impose duties on Russian steel

June 17, 3:39 UTC+3 ST.PETERSBURG
The anti-dumping investigation in respect of cold-rolled steel from Russia and China was initiated by the European Commission at the request of the European Steel Association
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ST.PETERSBURG, June 16. /TASS/. Russia’s steelmaker Severstal will dispute the decision of the European Commission imposing duties on the Russian steel, the company’s CEO Alexei Mordashov said in an interview with the Rossiya 24 TV channel.

"We will try to find alternative markets but we will definitely dispute the decision of the European Commission. Unfortunately it is based not on the fact of non-cooperation with the Commission, which is very strange: we answered all the questions, we received the EU delegation, which arrived to our enterprise for verification. Accusation of non-cooperation is groundless," he said.

The anti-dumping investigation in respect of cold-rolled steel from Russia and China was initiated by the European Commission at the request of the European Steel Association (Eurofer).

Following the results of the investigation, on February 12, the European Union imposed duties on cold-rolled steel from Russia and China for six months after the anti-dumping investigation.

Annual volumes of cold-rolled steel supplies to the EU from Russia are estimated at roughly $280 mln.

Deliveries from Russia, China and Ukraine make up about 60% of the total steel imports to the European Union.

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