TK’s US expansion key to ITC decision

Aug 17, 2011 | 06:00 PM | Thorsten Schier

Tags  ThyssenKrupp, Alabama, stainless sheet, stainless strip, anti-dumping duties, stainless, Mexinox, Germany Italy

NEW YORK — ThyssenKrupp AG’s expansion into the United States played a pivotal role in the recent decision by the International Trade Commission (ITC) to lift anti-dumping duties on stainless sheet and strip products from Germany, Italy and Mexico in its latest five-year sunset review, based on comments from commissioners participating in the review.

Commissioners Daniel R. Pearson, Shara L. Aranoff, Deanna Tanner Okun and Irving A. Williamson voted against continuing duties against the three countries.

"Motivated by U.S. customer demands for shorter lead times, increased logistical costs and the weak U.S. dollar, ThyssenKrupp is in the process of localizing its production of stainless steel sheet and strip for the North American market so that the U.S. market will come to be served almost exclusively by (San Luis Potosi, Mexico-based) Mexinox (SA de CV) and ThyssenKrupp Stainless (USA LLC), while ThyssenKrupp’s German and Italian operations focus on serving the European market," they wrote in their comments.....