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US steel producers call for scrapping of Russian trade deal

US steel producers called for the Department of Commerce to scrap a trade deal with Russia which excuses hot rolled steel shipments from import duties.

In a submission to the department, Nucor, US Steel, ArcelorMittal USA and others said that the agreement had not stopped Russian producers undercutting local prices and shipping injurious amounts of steel to the US market.

The suspension agreement deal sheltered Russian steelmakers from steep anti-dumping duties on hot-rolled coil, instead setting a cap on imports and a minimum price.

Source – Reuters

(www.nctv.net)

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