NLMK asks US court to cancel import duties on Russian slabs - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

NLMK asks US court to cancel import duties on Russian slabs

MOSCOW, Mar 2 (PRIME) -- NLMK Indiana and NLMK Pennsylvania, subsidiaries of Russian steelmaker Novolipetsk Steel (NLMK), have filed a suit to the U.S. court of International Trade asking it to consider a denial of the U.S. Treasury Department to exclude Russian steel slabs from import duties under section 232 of the U.S. Trade expansion Act, NLMK said on Monday.

Operations of the U.S. division of NLMK depend on imports of steel slabs and local capacities for processing of steel into rolled steel exceed local capacities for production of slabs, the company said.

УTaking into account structural deficit, NLMK USA has filed claims to exclude Russian slabs from the impact of measures under 232 section in 2018. Three U.S. steelmakers Ц AK Steel, Nucor, and US Steel Ц filed objections to the exclusion in spite of their inability to supply the necessary amount and types of slabs,Ф NLMK said.

УThe company thinks that the U.S. Treasury Department did not make an effort to check the objections, ignored the proof that these companies donТt produce the products in the necessary quality and quantity, and provided no substantiated reasons for its decision.Ф

In 2018, the administration of U.S. President Donald Trump imposed import duties of 25% on steel and of 10% on aluminum due to national security reasons.

End

02.03.2020 17:21
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 89.6637 -0.3181 26 sep
USD 76.8195 -0.3585 26 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1187.18 -0.72 17:04 24 sep
micex 2910.99 -0.19 17:04 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 177.00 -1.12 23:49 24 sep
lkoh 4456.00 -1.61 23:49 24 sep
rosn 370.75 -1.08 23:49 24 sep
sber 228.50 -0.60 23:49 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 89.7700 +0.5500 14:59 24 sep
USDTD 76.8125 +0.6125 17:44 24 sep