UPDATE 1-Russia carmakers to accept a steel price rise -govt

Newswire

* Sharp steel hikes violate existing contracts - Dementyev * Government looking for compromise * No plans to return to steel industry regulation By Gleb Bryanski LAPPEENRANTA, Finland, May 27 (Reuters) - Russian car makers are ready to accept slightly higher steel prices as part of a compromise with steel firms now being negotiated by the government, Deputy Industry Minister Andrei Dementyev said. He said acceptable increases would vary, depending on different kinds of steel, but ...

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