Under the five-year (sunset) review process required by the Uruguay Round Agreements Act, the U.S. International Trade Commission (ITC) determined that revoking the existing antidumping duty orders on forged stainless steel flanges from India and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
Flowserve Corp. announced that it has sold assets of its General Services Group (GSG) to Furmanite Worldwide Inc., a unit of Dallas-based Xanser Corp., for approximately $16 million in gross cash proceeds, while retaining approximately $12 million of net accounts receivable.
Edgen Corp. said that Jefferies Capital Partners, its principal shareholder, has agreed to acquire Murray International Metals Ltd. (“MIM”) of Edinburgh, Scotland, through a newly formed acquisition company.
President George W. Bush overruled a majority of International Trade Commissioners when he refused Dec. 30 to act upon a petition by seven U.S. steel pipe makers to place limits on Chinese-made steel pipe imports flooding the U.S. market.
In this issue of Supply House Time, learn more about the AD buying group leverages the latest marketing, networking and technology strategies to best help its members and supplier partners succeed, which is the cover story.