Stemcor USA sues pig iron producer, trader

Oct 09, 2012 | 03:48 PM | Lisa Gordon

Tags  pig iron, Stemcor USA, Cia. Siderúrgica do Pará, Cosipar, Americas Metals Trading, M/V UBC Santos, Mississippi River, breach of contract lawsuit Lisa Gordon

PITTSBURGH — Stemcor USA Inc. is seeking nearly $5 million from a Brazilian supplier and its trader for allegedly not delivering shipments of pig iron.

The trading company filed a breach-of-contract lawsuit against Marabá, Brazil-based Cia. Siderúrgica do Pará Ltda (Cosipar) and London-based America Metals Trading LLP (AMT) in U.S. District Court in Louisiana, stating that it believes a cargo of the iron units is aboard the vessel M/V UBC Santos, which....

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