Minimum prices for Russian hot-rolled steel to dip in new year

Dec 13, 2012 | 12:20 PM | Catherine Ngai

Tags  Russian suspension agreement, hot-rolled sheet, plate in coils, traders, Russia, steel, Import Administration, U.S. Department of Commerce International Trade Administration

NEW YORK — Minimum prices under the Russian hot-rolled steel suspension agreement will fall 3 percent across the board in the first quarter of 2013.

Under new reference prices, effective Jan. 1 through March 31, commercial- and structural-quality steel will fall to $583.80 per tonne from $601.75 per tonne in the period from Nov. 30 to Dec. 31; high-strength low-alloy steel will fall to $642.17 per tonne from $661.92....

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