Severstal’s return to EU HRC market 'no threat to domestic prices'

Russian steelmaker Severstal has resumed trading hot-rolled coil (HRC) to the EU even though it is now subject to an anti-dumping duty, but this is unlikely to have any negative effects on the region’s domestic market, sources told Metal Bulletin on Monday October 30.

Severstal has been offering and trading the material to Northern Europe at €510 ($592) per tonne cfr Antwerp. This price includes anti-dumping duty of €17.60 per tonne. The European Commission (EC) imposed fixed charges on October 6 this year in the range of €17.60-96.50 per tonne, as a definitive trade defense measure in the case against HRC originating from Brazil, Iran, Russia and Ukraine. Severstal’s...

Published

Maria Tanatar

October 30, 2017

14:55 GMT

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