MOSCOW, June 8 (RIA Novosti)
The U.S. has said it will adjust an agreement on Russian hot-rolled steel products sales in the country, the United States Department of Commerce said on Friday.
The agreement will be adjusted as it has failed to prevent sales of Russian hot-rolled steel products in the U.S. at a price below the fixed minimum, the department said in a statement.
The U.S. conducted an investigation against Russian makers of hot-rolled steel products in 1998.
In summer 1999, the two countries signed an agreement setting import quotas for certain types of steel products to the United States and a floor price for the Russian steel products.
U.S. steelmaker Nucor Corporation filed a request to adjust the agreement, the department added.
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.