Russia may impose an anti-dumping tariff on China's steel pipe

October 19 MetalBiz--Last week, Russian Economic Development and Trade Ministry proposed to impose a 29.4% of punitive tariff on the steel pipe imported from China. Putin has not yet signed the draft, so the draft has no legal effect and Russia is still negotiating with Chinese side.

According to the report from Asia Times in Hongkong on October 14, Russian Economic Development and Trade Ministry located in Moscow, announced a report up to 33 pages, said that they have carried out an investigation on China's three manufacturers and the imported steel pipe from China as long as 10 months.

Russian Economic Development and Trade Ministry draw a conclusion that the market share of China's steel pipe increased to 14% in 2008 from the 8.9% in 2007, up 53% in the same period last year. The pressure from China's products on Russia forced the latter's manufactures to adjust the sales of steel pipe from foreign countries.

Russian Economic Development and Trade Ministry suggested that the bottom line of the anti-dumping duties is to impose a 29.4% of anti-dumping tax as long as 5 years so that China's products can't compete with the local manufactures. Now, the aforesaid suggestion has been submitted to prime minister and whether to sign the draft, Putin should need to take the views of other department into consideration.