The Customs Union introduces a 22.6% fee on a Chinese steel sheet with a coating

The Customs Union, which includes Russia, Belarus and Kazakhstan, from July 1 introduces an import fee at the level of 22.6% by a 5 -year action, extending to a steel sheet and a roll -roll rolled rolled rolled rolled rolled coating supplied from China.

The duty was approved by the special regulatory body of the Customs Union - the collegium of the Eurasian Economic Commission. The special commission additionally notified customers that three Chinese manufacturers will be given by some preferences, namely the Sutsland. The company "Angang Steel" will be allowed to supply 12.9%with a fee, the South Korean joint venture of Dalian Posco with a fee of 11.4%, and the Shandong Guanzhou company is allowed to import 8.1%of the metal supply union with a duty of 8.1%.

The expected reduction in the supply of sheet steel coating to the territory of the Customs Union is 50% of today 540,000 tons of Chinese metal production. Currently, a single fee is distributed to the entire steel rental imported to Russia - 5%.