ThyssenKrupp sale at center of ITC debate
Jan 10, 2013 | 05:02 PM
| Catherine Ngai
NEW YORK The impending sale of ThyssenKrupp AGs plant in Calvert, Ala., came under scrutiny during a U.S. International Trade Commission (ITC) hearing on duties on corrosion-resistant steel from Germany and South Korea.
Foreign petitionersincluding executives from ThyssenKrupps North American and European operationsargued that revocation of the duties, which date back to 1993, is justified because the Essen, Germany-based steelmaker has operations in the United States and had chosen to supply steel domestically rather than import material (amm.com, Jan. 9).
ThyssenKrupp Steel USA LLCs mill "was built in Alabama because of the local supply strategy, where production proximity to our customers is essential. The target market is the U.S., Mexico and Canada," Christian Dohr, president and chief executive officer of ThyssenKrupp Steel USA, said during Wednesdays hearing. ....
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