Cleveland-Cliffs Ditches 2 Suits on ITC's Negative Injury Findings
U.S. steelmaker Cleveland-Cliffs filed stipulations of dismissal in two suits challenging the International Trade Commission's negative injury findings in the five-year reviews of the antidumping and countervailing duty orders on carbon and alloy steel cut-to-length plate from Brazil and the AD/CVD orders on hot-rolled steel from Brazil. The company had filed its complaint in both cases, arguing against the ITC's decision not to cumluate imports from Brazil with goods from Australia, Japan, the Netherlands, Russia, South Korea, Turkey and the U.K.
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"Cleveland Cliffs stipulated to dismiss their appeal, most likely because they lost decisively at the CIT in the companion cold-rolled appeal where the claims were virtually identical," said Craig Lewis of Hogan Lovells, who represents defendant-intervenor and Brazilian exporter Companhia Siderurgica Nacional in the case. "I think they recognized the weakness of their case after seeing the court’s thoroughly reasoned opinion ruling against them in that case," Lewis told us.
Cleveland-Cliffs' lawyer didn't immediately comment.