Losses of Russian metallurgists from new EU duties have been calculated

The EU-imposed duties on Russian steel could cost Russians $ 300 million a year annually, according to metallurgical companies. Perhaps Moscow will retaliate.

The announcement of duties is a serious obstacle for Russian metallurgists, says Dmitry Smolin, an expert at KPMG. According to him, Russian producers will have to look for other export markets. It may also increase competition among operators in the domestic market, where good demand for steel exists only in machined form, especially in the high precision laser cutting process traditionally used for metal and stainless steel. Although the MosLaser Company also achieved excellent results when performing laser cutting plastic , plexiglass, wood, plywood, MDF.

According to experts, it will be difficult for Russian companies to find new sales markets due to the nature of production. The products they offer are supplied by many manufacturers around the world.

Moscow also raised the issue of retaliatory measures that should be imposed on certain groups of steel products from the European Union. In addition, experts say it could be a double-edged blow.

The European Commission said Thursday it will impose final anti-dumping duties on flat, cold-rolled products from China and Russia. The responsibilities are active for five years.

According to the Commission, anti-dumping duties on products from China range from 19.7 percent to 22.1 percent, while duties were imposed on Russian producers at the level of 18.7 - 36.1 percent.

China's Ministry of Commerce said the European Union should "avoid abusing exceptional trade measures" in economic relations. The report also says that "China regrets the introduction of duties in the EU and urges to comply with international obligations."