CMC settles cargo suit with Grieg

Copying and distributing are prohibited without permission of the publisher

Email a friend

Your email: Please enter your email address
Your name: Please enter your name
To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5
Recipient email(s):
Recipient name(s): Please enter a name for all recipients
Email yourself a copy?
Enter the code:

Keywords: Tags CMC, Grieg, wide-flance beams, steel trader

NEW YORK — CMC Cometals Steel, the steel trading arm of Commercial Metals Co., has settled with a Norwegian shipping company it claimed had damaged its steel products.

The terms of the settlement were not disclosed.

The original lawsuit, filed by CMC Cometals Steel in July, had alleged that a cargo including wide-flange beams and channels shipped in a bulk vessel chartered by Grieg Star Shipping AS and managed by Grieg Shipping AS was delivered to the Port of Houston "in a damaged and deteriorated condition" (amm.com, July 18).

In a filing Thursday, CMC Cometals Steel requested that the initial pre-trial conference, originally set for Aug. 27, be taken off the calendar as a result of the settlement.

CMC Cometals Steel and Grieg could not be reached for comment.

Have your say

All comments are subject to editorial review.
All fields are compulsory.
Name Please enter your name
Email address (not published) Please enter your email Please enter your email
Comments Please enter a comment

Latest Pricing Trends

Copper

-1.39%

Gold

-1.32%

Lead

-1.01%

Silver

-0.88%

Tin

-0.77%

Nickel

-0.53%

Aluminum

-0.22%

Zinc

0.03%

Platinum

0.36%

Natural gas

0.77%

From 06/18/2013

AMM Events