Severstal hopes to regain 1 mln tpy Europe steel export market

Russian steelmaker Severstal expects its export volumes to Europe to return to the 1 million-tpy level seen before the European Commission (EC) launched its anti-dumping investigation into imports of hot-rolled coil (HRC) from four countries including Russia.

“We believe we were selling at an economically justifiable level before the anti-dumping story kicked in,” the company’s head of strategy, Andrey Laptev, told Metal Bulletin on Thursday November 2 at Severstal’s Capital Markets Day in London.
“We would expect our sales to come back to this basic level,” he said.
The EC imposed fixed charges on October 6 this year, in the range of €17.60-96.50 ($20.47-112.22) per tonne, as a definitive trade defense measure against HRC originating from Brazil, Iran, Russia and Ukraine, following a 15-month investigation.

Severstal’s charge was at the low end...

Published

Reginald Ajuonuma

November 02, 2017

19:12 GMT

London