USD 64.1213

+0.29

EUR 70.604

-0.07

BRENT

-64.03

AI-92 42.4

+0.01

AI-95 46.11

0

AI-98 51.89

-0.01

Diesel 46.15

0

13

Metal Market Grows for Russian Companies

Quota increase will open up opportunities in Western Europe...

The trade committee of the European Commission is considering an increase in quotas for Russian metal exporters in 2004. This increase is connected with inclusion of ten East European countries into European Union. The Russian quota could be increased by 475,000 tons. The separate quota for Severstal may be increased by 100,000 tons.

Russian metal works companies have a negative attitude to inclusion of supplies to East European countries into their quotas. Regardless, supplies are due for a rise.