Russian metallurgical companies ousted from the USA

The USA has started the next anti-dumping investigation - this time on imports of cold-rolled metal. Local steelmakers accused producers from eight countries, including Russia, of dumping. But the Russian rolled metal takes less than 3% in the US imports - basic volumes fall on China, which causes the concern of competitors.

United States’ steelmakers filed a statement in the Department of Commerce and International Trade Commission on the need for anti-dumping and countervailing duties on cold-rolled steel from Russia, China, Brazil, India, Japan, South Korea, the Netherlands and Britain. The appeal was signed by AK Steel, ArcelorMittal USA, Nucor Corporation, Steel Dynamics and US Steel. The statement of AK Steel says on the influx of rolled metal import, subsidized by the other countries, which is sold at dumping prices. According to the company, the dumping margin of exporters from the Russian Federation may reach 69-320%, manufacturers of China - 266%. From 2012 to 2014, imports of cold-rolled steel in the United States from these eight countries grew 2.2 times to 1.75 million tons, and the increase of the supply continues – over the first five months of 2015, it grew by 44% to 790.4 thousand tons, AK Steel notes.