AMM

American Metal Market

By Daniel Fitzgerald

September 3, 2013

ITC to investigate Russian, Venezuelan ferrosilicon

NEW YORK - An anti-dumping investigation into ferrosilicon from Russia and Venezuela will continue after the U.S. International Trade Commission (ITC) issued a preliminary determination that the domestic industry could be materially injured by the imports.

All six ITC commissioners voted in the affirmative Aug. 30, according to the agency.

"The (ITC) determined that there is a reasonable indication that U.S. industry is materially injured by reason of imports of ferrosilicon from Russia and Venezuela that are allegedly sold in the United States at less than fair value," it said. "As a result of the commission's affirmative determinations, the U.S. Department of Commerce will continue to conduct its investigations on imports of these products, with its preliminary anti-dumping duty   determinations   due on or about Dec. 26."

The investigation follows a petition filed July 19 by CC Metals and Alloys LLC and Globe Specialty Metals Inc. that targets ferrosilicon imports primarily handled by Ferroatlantica Noith America Inc. and Russian Ferroalloys Inc. (amm.com, July 19).

The petition alleges that dumping margins on Russian material range from 21.85 to 60.78 percent while those on Venezuelan material are between 20.07 and 60.11 percent, and that the U.S. ferrosilicon industry is suffering material injury as a result of the alleged dumping.

About 112,400 tonnes of ferrosilicon valued at $ 153.4 million were imported from Russia last year, Commerce said, while 28,100 tonnes of ferrosilicon valued at $39.5 million were imported from Venezuela.