Steel companies of the USA appealed to the Department of Commerce with a request to return duties on Russian steel, according to Reuters. Steelmakers have accused the competitors from Russia to flood the market with cheap rental.
The complaint was filed, the company Nucor, US Steel, Arcelor Mittal USA. They pointed out that the agreement 15 years ago that restricted trade of Russian steel, in fact it prevents dumping.
This agreement allowed the Russian steel companies to avoid high anti-dumping duties on hot-rolled steel. Instead of taxes, the United States installed the quota and the lower limit of prices. American steel business believes that the minimum price in the agreement is below U.S. market prices since 2004.
In the current year on the side of Russian producers played a favorable pricing environment in the United States. She attracted the attention of low-cost Russian steelmakers, who were able to take advantage of competitive advantages, despite the expensive logistics.
Prices for hot-rolled steel in the United States are now at the level 725-740 dollars per ton, and export prices on Russian products in the ports of the Black sea is not more than 535-540 dollars for ton.
If the agreement is yet to be abolished, to "Severstal" there will be a fee in the amount of 73.59 percent. The Novolipetsk metallurgical plant and the Magnitogorsk metallurgical combine threaten and even prohibitive tariffs on the level 84,56 per cent.