Russia's NLMK Could Close U.S. Business Due to Tariffs

Russian steelmaker NLMK has told the U.S. Department of Commerce that it could be forced to shut down its U.S. business due to the impact of new U.S. tariffs.

"Without an exclusion for semi-finished steel slabs, the tariffs will have the perverse effect of killing U.S. steelmaking jobs and potentially putting our company out of business," NLMK USA's Chief Executive Robert Miller wrote in a letter to the U.S. Department of Commerce dated March 23, 2018.

Reporting by Polina Ivanova and Anastasia Lyrchikova; Writing by Polina Ivanova