US not to implement any measures against Russian steel exports

US not to implement any measures against Russian steel exports

The US Assistant Secretary of Commerce for Market Access and Compliance William Lash, in his recent statement, announced that the US has no plans of implementing any measures to limit steel imports from Russia. As reported by SteelOrbis last week, the quotas on certain steel products imported from Russia would be lifted as of July 12, 2004 under the scope of the agreement signed between the US and Russia back in July 12, 1999. The steel products that have been subject to quota limitation include galvanized products, cold rolled products, tubes, slabs and long products. The fact that the quota limitation would be lifted created concern among Russian steel producers as the US might consider implementing other measures to limit exports of steel products from Russia. However, the recent statement indicates that the US does not have such an intention.