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| Russia may secure long term steel and pipe agreement with Ukraine |
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| Code:MFN002797 Prpduct:Pipes/Tubes Date: 2010-07-28 |
Interfax-Ukraine Mr Andrei Klepach Deputy Economic Development Minister of Russia as saying that the country Economic Development Ministry is looking over the possibility of cutting a long term pipe and steel deal with Ukraine in place of the current quota procedure.
Mr Klepach while speaking about non tariff measures for market regulation said that Russia has a quota agreement with Ukraine effective until the end of the year. His ministry and Ukraine Economics Ministry signed in late April an additional agreement about the non-tariff entry into Russia of 260,000 tonnes of large diameter pipe this year.
He said that “Relations with Ukraine are very important to Russia's pipe and steel markets. That's why we and the Industry and Trade Ministry and producers have to determine what the future model for working with Ukraine will be, either increasing the quota or moving away to some kind of lengthy agreement altogether."
Mr Klepach said "The Ukrainians will not let us ourselves on their market and so there needs to be an agreement that takes stock of concessions by Kyiv. It will not be immediate, but there could down the road be a unified Russian and Ukrainian market.”
He added that “But the dominant positions of our pipe makers and metallurgists might be apart. That's why the issue here is working out such a long term steel and pipe agreement." |
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| 06 Sep 2010 | | | Cash Ask | 3M Ask |
|---|
| Copper | 7660.50 | 7675.00 |
| Aluminium | 2148.50 | 2179.00 |
| Zinc | 2146.00 | 2176.00 |
| Lead | 2160.00 | 2175.50 |
| Nickel | 21910.00 | 22000.00 |
| Tin | 21375.00 | 21400.00 |
| Al.Alloy | 2281.00 | 2170.00 |
| NASAAC | 2090.00 | 2120.00 |
| Steel Billet | 508.00 | 520.00 |
| Cobalt | 39501.00 | 41000.00 |
| Molybdenum | 35500.00 | 36000.00 |
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2010-09-06 |
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| PRODUCT |
BID
(US$/TON) |
ASK
(US$/TON) |
2B Coil-OCT |
3,300 |
3,380 |
No.1 Coil-OCT |
3,120 |
3,200 |
2B Coil-DEC |
3,300 |
3,380 |
No.1 Coil-DEC |
3,120 |
3,200 |
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MetalFirst China Average:
US$16.025/lb
As of Sept. 3, 2010
(updated weekly)
MetalFirst Average:
US$16.10/lb
As of Aug. 31, 2010
(updated twice weekly)
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