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Russia agrees to cut exports of steel, averting U.S. penalties

Article Abstract:

Russia has reached an agreement with the US over hot-rolled steel exports. Russia has agreed to voluntarily restrict hot-rolled steel exports to the US. The agreement establishes a $225 to $280 per ton price floor on Russian steel. Currently, US steel prices are approximately $250 per ton. Russian hot-rolled steel shipments will be limited to 750,000 tons annually.

Comment:

Russia reaches agreement with the US to cut hot-rolled steel exports

Author: Cooper, Helene
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
Iron and Steel Mills, International economic relations, Blast furnaces and steel mills, Russia, Hot Rolled Mill Products, International trade, Abstract, Steel industry, Hot rolled steel

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ScottishPower closes merger of PacifiCorp

Article Abstract:

Article about how ScottishPower PLC formally closed its merger with PacifiCorp, in exchange for which it is providing ScottishPower stock in an agreement that places the U.S. firm at a value of roughly $6.5 billion.

Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
United Kingdom, Asset sales & divestitures, Acquisitions & mergers, Electric Utilities, Electric Power Generation, Transmission and Distribution, Foreign operations, Mergers, acquisitions and divestments, Brief Article, Scottish Power PLC, PacifiCorp

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