By , 2008-03-08 12:00:00
It is reported that Russia pipe import from China has increased sharply; therefore, Russia is planning to have import quota control on Chinese steel pipes.
In the first 8 months of this year, Russia's trade deficit with China has reached USD 4 billion. This is the first trade deficit with China since last ten years. As the rapid trade amount between the two countries increases, this trade deficit gap will keep widening.
The great amount of steel pipe from China is threatening the survive of Russia's relevant enterprise. The organization of Russia steel pipe industry development said that the total steel pipe import from china will be 8.5 times up more than last year. If China government does not place a curb on steel export to Russia, Russia will start anti dumping investigation and have quota control on the import of steel pipe from China soon.
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