Russia suspension agreement talks continue

Jul 16, 2012 | 09:26 AM | Catherine Ngai

Tags  Commerce Department, suspension agreement, hot-rolled, plate, sheet, JSC Severstal, Catherine Ngai

NEW YORK — Talks between the United States and Russia over a decision to revoke an existing hot-rolled steel suspension agreement are continuing, a U.S. Commerce Department official told AMM.

The Commerce Department announced earlier this year its intent to terminate the agreement—under which hot-rolled steel from Russia is not subject to U.S. import duties provided it is below a certain annual volume threshold and above a certain quarterly pricing point—because it does not prevent undercutting of domestic prices (AMM, May 30).....

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