TK’s US expansion key to ITC decision
Aug 17, 2011 | 06:00 PM
| Thorsten Schier
NEW YORK ThyssenKrupp AGs 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 ThyssenKrupps German and Italian operations focus on serving the European market," they wrote in their comments.....
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