9/15/2014 1:07:00 PM
NEWS BRIEFS
U.S. Steel Company Asks To Block Stainless Imports
U.S. steel company Valbruna Stainless petitioned the U.S. International Trade Commission to block imports of some stainless steel products from India, Germany and Taiwan, Reuters reports.
The petition, filed by the Fort Wayne, IN, manufacturer of stainless steel forging billets, round cornered square billets and stainless steel bars, claims competitors are using stolen trade secrets.
Foreign competitors named in the complaint include India’s Viraj Profiles Limited, German affiliate Flanschenwerk Bebitz GmbH and Taiwan’s Ta Chen Stainless Pipe Co., according to Reuters.
“Valbruna seeks a limited exclusion order and a cease and desist order to stop the proposed respondents from continuing to profit from the misappropriation of Valbruna’s trade secrets and injuring Valbruna.”
The complaint covers stainless steel ingots and billets; stainless steel coiled wire rod; stainless steel bars and shapes; wire; and fasteners and other downstream stainless steel products.
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