China stops anti-dumping investigation of Russian steel

June 21, 2012 10:26 pm 

BEIJING, June 21 — China decided to stop an investigation of the anti-dumping case of grain-oriented flat-rolled electrical steel (GOES) imported from Russia starting from Thursday, the Ministry of Commerce said.

The ministry said the anti-dumping duties imposed on the GOES imported from two Russian companies, OJSC Novolipetsk Steel and VIZ-Stal Ltd, will also be removed as of Thursday.

The decision was made as two Chinese iron and steel producers, Wuhan Iron & Steel Group Corp. and Baosteel Group Corp. Ltd., on June 4 proposed to revoke their applications on a midterm review.

In response to their previous applications, the ministry started the midterm review on June 27, 2011.

China has imposed anti-dumping duties of 6.3 percent to 25 percent on Russian GOES since April 11, 2010.

The GOES is mainly used in the manufacturing of transformers, reactors and generators. (PNA/Xinhua) hbc/mmg


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