Ukrainian steel maker’s chief expects EC’s balanced decision on anti-dumping probe

The Metinvest company chief expects the European Commission to make a decision in favour of the company in the anti-dumping investigation, Metinvest Director General, Yuriy Ryzhenkov, has said to the 13th Annual Meeting of the Yalta European Strategy.  

“We now supply almost 40 percent of our product to the European market. We don’t even call this an export, for us it’s like the local domestic market. It is probably easier for us to supply our product to southern Europe, for example, than to western Ukraine. So we were very much surprised when a few months ago the European Commission launched an anti-dumping investigation regarding the supply of steel to Europe. I sincerely hope that a decision regarding this issue will be consistent with the Free Trade Agreement between Ukraine and the EU," Ryzhenkov said.

Ryzhenkov thanked the Ukrainian Government for its support during the investigation.

Ryzhenkov also said that the iron and steel industry was one of the first in Ukraine to take the pro-European sales strategy.

“Apparently, the iron and steel industry was the first in Ukraine to target Europe. We made this decision 15 years ago,” Ryzhenkov said.