Severstal to continue HRC sales to Europe after duties begin

Russian steelmaker Severstal expects to continue to make shipments of hot rolled coil (HRC) to Europe after proposed trade restrictions are imposed, cfo Alexei Kulichenko said on Thursday July 20.

The European Commission (EC) is scheduled to announce its definitive decision in its anti-dumping investigation into HRC imports from Russia, Ukraine, Iran and Brazil by October 6.

The EC has calculated anti-dumping duties on HRC from these countries in the range of 5.30-33%, to be imposed if their prices for the EU fall below a set minimum import price. The rate of duty suggested for...


Vlada Novokreshchenova

July 20, 2017

18:50 GMT