US rejects NLMK's GOES suspension request

May 28, 2014 | 11:12 AM | Rey Mashayekhi

Tags  NLMK, Novolipetsk Steel, Commerce Department, GOES, grain-oriented electrical steel, anti-dumping, Lynn Fischer Fox, Mark Lunn Dentons US

NEW YORK — The U.S. Commerce Department has rejected a proposed suspension agreement by Russian steelmaker Novolipetsk Steel (NLMK) that would have halted an anti-dumping duty investigation into shipments of the company’s grain-oriented electrical steels (GOES).

After considering the merits of the suspension agreement proposal and taking into account the views of NLMK and the domestic GOES industry, Commerce "(did) not find that NLMK has demonstrated circumstances to warrant the unusual action of entering into negotiations," Lynn Fischer Fox, Commerce’s deputy assistant secretary for policy and negotiations, said in a letter dated May 23 to NLMK counsel....

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