Source Pravda.Ru

US to control cheap Russian-steel imports for five more years

The US Government's international-trade commission decided April 14 to retain anti-dumping restrictions on Russian-steel imports.

The termination of anti-dumping investigations as regards certain types of hot-rolled carbon steel products from Russia would cause material damage in the foreseeable future, the commission's resolution notes.

In 1999 the US Government introduced restrictive quotas (as regards the importation of certain hot-rolled steel brands from Russia) in the context of anti-dumping investigations concerning Russian steel.

The April 14 decision means that steel-import quotas will be retained for another five years.

Well-known US Senator John Rockefeller, who heads the US Senate's "steel-smelting faction", issued a statement here, praising the commission's decision.

I agree with the international-trade commission's decision; and I hope to cooperate with it in the future, so that our steel-smelting industry would receive fair competition opportunities on the global market, Rockefeller noted.

This decision is a victory for our steel-smelting industry, the Senator stressed.