European Commission may open anti-dumping case against Novolipetsk Steel
MOSCOW, February 17 (RAPSI) – European steel lobby Eurofer plans to file an anti-dumping case with the European Commission against exports of electrical steel sheet from Russia, Reuter writes on Monday.
“We have two cases in an advanced stage where we suspect dumping and subsidies. One concerns Russia, the other concerns China and Taiwan. They will be filed this year,” Eurofer Director General Gordon Moffat told Reuters.
Russia’s main producers of electrical steel are the Novolipetsk plant and VIZ-Steel of Novolipetsk Steel (NLMK), one of Russia’s top steelmakers. A Kommersant newspaper source assessed NLMK’s electrical steel supplies to Europe at 60,000 to 100,000 metric tons or between $77 million and $130 million a year.
NLMK is one of the world's largest steel producers. It has divisions in Russia, Europe and the United States. It produces a wide variety of flat steel products including slab, hot-rolled, cold-rolled, galvanized, pre-painted, electrical steel as well as long products.
Board chairman Vladimir Lisin owns 85% of NLMK shares via an offshore Cyprus company.