Russia requests WTO consultation on 232

Russia wants to join China and other nations in lodging a complaint at the World Trade Organization (WTO) against the United States’ Section 232 tariffs and quotas against imported steel and aluminium.

Russia said it needs to be part of a consultation process with the WTO’s Dispute Settlement Body because it exports significant amounts of both steel and aluminium to the US, according to a notice dated Thursday April 19.

The manufacturing powerhouse exported 625,792 tonnes of aluminium to US ports from January-October 2017, making it the second-largest supplier of the light metal to the country. During the same period, Russia shipped 3.12 million tonnes of steel to the US, making it the fifth-largest offshore supplier, the notice said, citing US Commerce Department data.

Section 232, therefore, has a “significant detrimental effect on Russia’s trade interest,” according to the notice.

The US has imposed tariffs of 25% against foreign steel from some nations and 10% duties versus imported aluminum.

The EU has also requested consultations with the WTO over Section 232.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
The fallout from Russia’s invasion of Ukraine is changing global trade flows for bauxite, with Brazilian material once again flowing into China and with the introduction of export restrictions elsewhere likely to influence availability through 2023
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.