Sumitomo Metal goes to U.S. court over antidumping suit.
Sumitomo Metal Industries Ltd. has asked for a U.S. court to impose a suspension on a U.S. seamless stainless steel pipe maker's plan to file an antidumping suit against imports from Japan, officials of the major Japanese steelmaker said Thursday.
The pipe maker, Pexco, is owned 30% by Sumitomo and 70% by three European companies including Sandvik of Sweden.
The European companies are trying to shut Japanese seamless stainless steel pipes out of the U.S. market and forcing Pexco to file the suit, according to the Sumitomo officials.
But as Pexco's plan was not endorsed by its board, Sumitomo applied for a court suspension on it in Delaware.
With Sandvik accepting Sumitomo's position in its petition, the antidumping suit, initially scheduled for last Friday, will not be lodged at least until Pexco gets approval at a board meeting in early November, the officials said.
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|Comment:||Sumitomo Metal goes to U.S. court over antidumping suit.|
|Publication:||Japan Weekly Monitor|
|Date:||Oct 11, 1999|
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