US-Russia flat-roll deal to curb imports: market
Nov 19, 2012 | 04:22 PM
| Catherine Ngai
NEW YORK The flow of Russian hot-rolled steel into the U.S. market will likely slow due to uncompetitive prices following last weeks revised U.S.-Russian suspension agreement, market sources told AMM.
Under the terms of the draft agreement, the minimum prices for Russian hot-rolled steel sold in the United States would be increased to "bring them into alignment with current U.S. prices."
Reference prices for the three months ending Dec. 3 will rise about 47 percent, with commercial- and structural-quality steel moving to $601.75 per tonne from $409.01 per tonne, high-strength low-alloy steel to $661.92 per tonne from $449.05 per tonne, and high-grade coil and sheet for pipe and casing to $770.24 per tonne from $522.10 per tonne.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.