US GOES producers against NLMK deal
May 22, 2014 | 06:06 PM
| Rey Mashayekhi
NEW YORK AK Steel Corp. and Allegheny Technologies Inc. (ATI) "unequivocally oppose" Russian steelmaker Novolipetsk Steels (NLMK) proposed agreement with the U.S. Commerce Department that would suspend anti-dumping duties on the companys grain-oriented electrical steel (GOES) product imports.
In a May 22 letter to Secretary of Commerce Penny Pritzker, AK Steel, ATI, the United Steelworkers union and the United Automobile, Aerospace and Agricultural Implement Workers (UAW) union objected to Commerce "entering into consultations with NLMK regarding a suspension agreement."
"Petitioners oppose any such suspension agreement," David A. Hartquist and John M. Herrmann of Washington-based Kelley Drye & Warren LLP, which represents the domestic GOES industry in the trade petition, wrote in the letter. Commerce "has already assigned a preliminary margin to NLMK based on fact available, with adverse inferences. The department also preliminary determined that critical circumstances exist with respect to imports of GOES from Russia."....
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