Russia Putin: compromise reached in steel price row

Newswire

MOSCOW, May 31 (Reuters) - Russian metal producers and industrials, such as car markers, have reached a compromise in a dispute over higher prices for steel products after government intervention, Prime Minister Vladimir Putin said on Monday. "There were heated discussions ... agreement has been reached. It is essential to keep a tight control over all the factors of price growth," Putin said. "A one-time price hike of 25-30 percent falls outside normal economic logic. Behind such steps, ...

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