HomeGAA in the MediaPress ReleasesNewsArchiveRussian ferrosilicon escapes duties in US clumping case

 

American Metal Market
AMM
July 28, 2014
By Daniel Fitzgerald

Russian ferrosilicon escapes duties in US clumping case

NEW YORK - U.S. imports of Russian ferrosilicon have escaped anti-dumping duties after the Commerce Department confirmed its preliminary negative ruling, but Venezuelan shipments will face duties of more than 20 percent.

Commerce's final determination July 25 affirmed its preliminary ruling in March, when it assessed a zero margin on Russian ferrosilicon producer RFA International LP, but set an anti-dumping duty of 22.84 percent for FerroAtlantica de Venezuela SA (FerroVen) and all other Venezuelan producers, down from a preliminary margin of 27.27 percent (amm.com, March 5).

The U.S. International Trade Commission (ITC) is scheduled to make a final injury determination in early September.

"FerroAtlantica was disappointed in the finding against Venezuela, but the zero-duty affirmation for Russia shows the limited merits of the case and should make a finding of injury to the domestic industry very hard to prove since FerroVen accounts for such a small percentage of the total imports of ferrosilicon into the U.S. market," a FerroVen representative told AMM.

Imports of ferrosilicon from Venezuela were valued at around $43.3 million last year, while Russian shipments were valued at $117.5 million.

Miami-based Globe Specialty Metals Inc. and CC Metals and Alloys LLC, Calvert City, Ky., originally petitioned Commerce for an anti-dumping investigation in July 2013, alleging that dumping margins on Russian material ranged from 21.85 to 60.77 percent while those on Venezuelan material were between 20.07 and 60.11 percent (amm.com, July 19, 2013).

In the wake of the filing, ferrosilicon spot prices climbed to 96 cents to $1 per pound by late October from 88 to 90 cents per pound in August amid concerns over domestic supply (amm.com, Oct. 25).

The preliminary ruling by Commerce's International Trade Administration attracted the attention of Sen.

Sherrod Brown (D., Ohio) and Sen. Charles Schumer (D., N.Y.), who cited allegations from Globe that Mishawaka, Ind.-based importer Russian Ferroalloys Inc. had "misreported critical facts" during Commerce's investigation (amm.com, July 22).