15 June 2006
An anti-dumping duty on cold-rolled steel in South Africa lifted
The Republic of South Africa revoked a 76.1% anti-dumping duty on NLMK’s cold-rolled steel.
Before 2002 Company’s annual exports to the Republic of South Africa varied from 3.5 to 5 thousand tonnes of cold-rolled steel. When the antidumping duties were imposed exports of that kind of products to South Africa were completely suspended.
In 2005 Novolipetsk Steel initiated a procedure for revision of anti-dumping measures imposed by the Republic of South Africa against Company’s cold-rolled steel products. In the course of the revision the exhaustive documentation was submitted to the International Trade Administration Commission of the Republic of South Africa followed by the determination that imports from Russia did not injure the South-African industry.
As a result of withdrawal of anti-dumping duties NLMK gained a possibility to freely supply its cold-rolled steel products to dynamically growing South African market.