Electrical steel producers appeal ITC decision in GOES trade case
USA, Washington: U.S. producers of grain-oriented electrical steel (GOES) have filed an appeal to the negative decision on "material injury" by the U.S. International Trade Commission (ITC).
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USA, Washington: U.S. producers of grain-oriented electrical steel (GOES) have filed an appeal to the negative decision on “material injury” by the U.S. International Trade Commission (ITC).
AK Steel Corporation and Allegheny Ludlum, LLC d/b/a ATI Flat Rolled Products, and the United Steelworkers (USW), which represents workers engaged in the production of GOES at ATI Flat Rolled Products appealed the decision to the Court of International Trade, reports Market Watch.
“We are very disappointed by the negative determination by the ITC. The Department of Commerce found antidumping margins of up to 241% which caused lost sales and significant financial injury to the U.S. producers, which in our judgment met the legal standard for an affirmative determination. Therefore, the petitioners have appealed the decision to the Court of International Trade.” said David A. Hartquist of Kelley Drye & Warren LLP, counsel to petitioners.
The decision by the ITC on the 27th August covered imports from Germany, Japan and Poland. The ITC is scheduled to make final injury determinations on the remaining cases against the Czech Republic, China, Korea and Russia on the 23rd October.
Based on its unique product characteristics, GOES is used primarily in the production of laminated cores for large and medium-sized power and distribution transformers.
Source: Market Watch
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