Issues remain in US-Russia hot-roll deal
Nov 26, 2012 | 03:37 PM
| Catherine Ngai
Tags
hot-rolled steel,
suspension agreement,
Nucor,
Gallatin,
ArcelorMittal,
SSAB,
U.S. Steel,
NLMK
Severstal
NEW YORK — While the United States and Russia have largely agreed on a tentative deal concerning the existing suspension agreement on hot-rolled steel, domestic producers argue that it still stands to favor Russian producers.
Under the new draft agreement reached earlier this month, minimum prices for Russian steel sold into the United States would be increased to "bring them into alignment with current U.S. prices," which would effectively raise prices by some 47 percent (amm.com, Nov. 16).....
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