NLMK seeks halting of Commerce GOES probe

May 21, 2014 | 04:12 PM | Rey Mashayekhi

Tags  steel, trade case, GOES, grain oriented electrical steel, anti-dumping duties, investigation, suspension agreement, NLMK Novolipetsk Steel

NEW YORK — Russia’s Novolipetsk Steel (NLMK) has asked the U.S. Commerce Department to suspend its anti-dumping duty investigation into imports of grain-oriented electrical steel (GOES) from the company, according to documents filed with Commerce May 20.

If Commerce accepts the suspension agreement, NLMK said it will agree "to make any necessary price revisions to eliminate completely" the amount by which the "normal value" of the company’s GOES imports "exceeds the U.S. price of its merchandise" as determined by Commerce.....

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