American Metal Market Quotes Partner John M. Herrmann on Novolipetsk Steel Deal

Partner John Herrmann was quoted in the American Metal Market article ​“US GOES Producers Against NLMK Deal.” The article discusses how AK Steel Corp. and Allegheny Technologies Inc. (ATI) unequivocally oppose Russian steelmaker Novolipetsk Steel’s (NLMK) proposed agreement with the U.S. Commerce Department that would suspend anti-dumping duties on the company’s grain-oriented electrical steel (GOES) product imports. John, who represents the domestic GOES industry in the trade petition, wrote in a letter to Secretary of Commerce Pritzker that 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,” and 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. [NLMK’s] unwillingness to provide information to the best of its ability in this investigation leaves petitioners skeptical that a suspension agreement could provide the relief they seek from unfairly traded GOES from Russia.”