RUSSIANS WILL NOT RACE TO FLOOD EU STEEL MARKETS, AFTER JOINING WTO
November 1st, 2011
BY ALAN OSBORN and LENA SMIRNOVA
RUSSIAN steel makers have contested claims that their country's planned entry to the World Trade Organisation (WTO) next year could precipitate a steep rise in competitively-priced Russian steel exports to the European Union (EU).
This is a key concern if EU producers given that these shipments are currently protected by an EU quota of 3.2 million metric tons which will lapse on accession. Ian Rodgers, director of UK Steel, the British industry body, has raised the prospect of "a fairly rapid move to go the anti-dumping ...
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