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American Metal Market
AMM
August 27, 2014
By Daniel Fitzgerald

No US Duties for Venezuela ferrosilicon

NEW YORK - Imports of ferrosilicon from Venezuela are not injuring or threatening to injure the U.S. industry, the International Trade Commission (ITC) ruled Aug. 26. As a result, no anti-dumping duties will be imposed.

The unanimous final determination nullifies the U.S. Commerce Department's assessment of a 22.84-percent dumping margin for FerroAtlantica de Venezuela SA (FerroVen) and all other Venezuelan ferrosilicon producers (amm.com, July 25).

A report on the decision will be made available Sept. 30.

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

Commerce's probe resulted in no duties issued against imports of Russian ferrosilicon, prompting a FerroVen representative to say the ruling should make an injury finding difficult to prove since the company accounts for only a small percentage of all U.S. ferrosilicon imports (amm.com, July 25).

Imports of ferrosilicon from Venezuela were valued at around $43.3 million last year, while those from Russia were about $117.5 million.