US, Russia bicker over pricing used in hot-roll steel decision
Aug 13, 2012 | 08:32 AM
| Catherine Ngai
Tags
SteelBenchmarker,
hot-rolled,
suspension agreement,
ArcelorMittal,
Nucor,
Severstal,
MMK,
SDI
U.S. Steel
NEW YORK — U.S. and Russian steelmakers are disputing the effectiveness of benchmark prices in evaluating whether imports of Russian hot-rolled steel are undercutting the U.S. industry.
Producers from both sides filed comments with the Commerce Department’s International Trade Administration (ITA) in response to a preliminary determination to revoke a suspension agreement covering certain hot-rolled steel products (amm.com, May 29).
The ITA said that the agreement—under which hot-rolled steel from Russia isn’t subject to U.S. import duties provided import volumes are below a certain annual threshold and above a certain quarterly pricing point—didn’t prevent the undercutting of domestic prices.....
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