EU raises import quota for Russian boron steels

Russia and Brussels have agreed to a rise in the European Union import quota for steels containing boron. The agreement was reached on December 26 as an amendment to the earlier quotas, which were set on July 9 2002, said the Economic Development and Trade Ministry in Moscow (MB July 15).

“For the forthcoming year this will allow the guaranteed delivery of alloyed metal products with a value of roughly $50 million,” added the statement.

A separate quota for so-called "boron alloys" became necessary after EU mills raised concerns that Russia was producing hot rolled coil containing negligible quantities of boron with the sole purpose of shipment...

Published

December 31, 2003

12:06 GMT

London