Curated News
By: NewsRamp Editorial Staff
March 28, 2024
U.S. Ferrosilicon Producers Fight Unfairly Traded Imports
Discuss on RedditTLDR
- Filing petitions to stop unfairly traded imports will level the playing field for American ferrosilicon producers, ensuring fair competition.
- The petitions filed with Commerce and ITC allege dumping margins of up to 212% and request relief in the form of special duties on all associated imports.
- A successful outcome in these cases will protect U.S. industry, its workers, and the communities in which they operate, supporting fair trade.
- The extensive injury suffered by the U.S. industry from unfairly priced ferrosilicon imports underscores the importance of fair competition in global trade.
Impact - Why it Matters
The petitions filed by CCMA and Ferroglobe are significant as they aim to protect the U.S. industry from unfair trade practices and subsidies, ultimately safeguarding American jobs and communities. If successful, the outcome of these cases will ensure fair competition and a level playing field for American producers, allowing them to continue operating without the threat of unfair imports impacting their businesses.
Summary
CC Metals and Alloys, LLC (“CCMA”) and Ferroglobe USA, Inc. (“Ferroglobe”), representing all American ferrosilicon production, filed petitions alleging that unfairly priced and subsidized ferrosilicon imports from Russia, Kazakhstan, Malaysia, and Brazil are causing material injury to U.S. industry. The antidumping and countervailing duty petitions detail unfair trade practices to sell ferrosilicon at less than fair value and allege dumping margins of up to 212%, as well as numerous subsidies. The cases cover all types of ferrosilicon, and Commerce will initiate its investigations by April 17, 2024, with the ITC expected to make a preliminary injury determination by May 13, 2024.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, U.S. Ferrosilicon Producers Fight Unfairly Traded Imports
