GO
Loading...

EXCLUSIVE-U.S. steel industry may challenge Russian trade deal -sources

WASHINGTON/NEW YORK, June 17 (Reuters) - The U.S. steel industry is considering challenging a trade deal with Russia that governs imports of hot-rolled steel, potentially reviving a decades-old dispute amid mounting tensions over Russia's actions in Ukraine, two sources said.

A so-called suspension agreement struck in the aftermath of the Cold War has sheltered Russian steelmakers from steep anti-dumping duties on hot-rolled coil, instead setting a cap on imports and a minimum price that many in the U.S. industry believe is too low even after a 2012 revision.

An industry source familiar with the situation said steel companies were looking at urging the U.S. administration to drop or tweak those exemptions.

(Reporting by Josephine Mason; Editing by Meredith Mazzilli)