Steel companies of the United States urged the authorities to terminate the agreement governing the import of Russian steel, as producers from Russia allegedly flooded the U.S. market with cheap products.
WASHINGTON, 12 Feb — RIA Novosti. The US refusal agreements regulating the import of Russian steel, can lead to a stop of deliveries for almost two years: the loss of Russian business can amount to tens of millions of dollars, but then he will be able to return to the American market, told RIA Novosti source in the trade representation of the Russian Federation.
Steel companies of the United States urged the authorities to terminate the agreement governing the import of Russian steel, as producers from Russia allegedly flooded the U.S. market with cheap products. In accordance with the agreement of 1999, Russian steel companies were protected from high protective duties for import in the US. Instead, companies from Russia established a quota and a minimum price for the products.
If the Americans come out of the agreement, in effect, restored anti-dumping duties. This means that at least a year and a half, or two actually, the entire import will rise. It is impossible to pay under 200% only duty, — said the employee of the trade mission.
However, according to him, the Russian importers will be able to return to the American market.
There are several possible options, the most rapid in terms of time — the annual procedure of administrative reviews conducted by the U.S. Department of Commerce. For the participation of the company concerned is required from July to June of the relevant year to implement at least one goods delivery on the basis of which the Ministry of trade will be calculated an individual dumping margin and, consequently, will be determined by the individual rate of anti-dumping duties. It is clear that it will not be 180%, it will not be 70% — is far below any reasonable value. In the ideal case it can be 0%. The disadvantage of this scheme is that the resulting individual rate need to be confirmed each year, and additional costs, — said the Agency interlocutor.
According to him, the current duties expected in 1998, when Russia did not have the status of a country with a market economy, was not a member of the WTO and procedure the Department of Commerce relied on the data that gave the industry. Therefore, such a fantastic amount. It is obvious that a year and a half or two we'll be back on the market, but these two years — in fact, they will not, because no one will buy, bearing in mind the necessity of payment of fees with a rate under 200%, — said the employee of the trade mission.
Source not yet have data on the timing of possible bilateral consultations on steel imports.
The petition was filed on Thursday, is officially published on Friday. All the information that we have, we immediately bring to our Ministry of economic development, Ministry of foreign Affairs, interested participants of foreign trade activities. But it is obvious that in this short time... I at least was unaware of any contacts that have taken place. It is almost impossible to organize in such a short time, the source said.
The number of American companies, including Nucor Corp., U. S. Steel Corp. and ArcelorMittal USA, believe that Russia has flooded the us market with cheap steel. The U.S. Department of Commerce stated that it considered the request of the manufacturers. Side of the Russian-American agreement may terminate it by notifying the opposing party for 60 days before taking action. If the agreement is canceled, to products of the Russian company Severstal is the duty to act in 74%, and Novolipetsk metallurgical plant and the Magnitogorsk metallurgical plant threaten duties to almost 200%.