OPINION
EDWARD WEINFELD, District Judge.
This is a diversity action commenced by plaintiff, Empresa Nacional Siderurgica, S. A. ("Ensidesa"), a Spanish corporation with its principal place of business in Madrid, against defendant, Glazer Steel Corporation ("Glazer Steel"), a Tennessee corporation, to recover a balance due for processed steel and other products. Plaintiff's United States sales Agent is Ensisteel, Inc., with offices in New York City.
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