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US, Russia dumping electrical steel, says China

THE United States and Russia are dumping flat-rolled electrical steel in China and are supporting the market with subsidies, China announced today.

The preliminary ruling on imported grain-oriented steel, used in transformers, rectifiers and reactors, said US companies are dumping them with a rate from 10.7 percent to 25 percent in China and they get subsidies ranging from 11.7 percent to 12 percent.

It said Russian steel producers are dumping with a rate from 4.6 percent to 25 percent, according to China's Ministry of Commerce Website.

The ruling followed an investigation which began in June into dumping and subsidies, the statement said.

China will start collecting cash deposits from US and Russian steel producers from tomorrow.

The decision followed a US ruling last month intending to impose punitive tariffs on imports of Chinese pipes used in oil wells.


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