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U S International Trade Commission Confirms Malaysian Imports Have Injured U S Silicon Metal Industry; U S Industry Applauds Antidumping Order
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U S International Trade Commission Confirms Malaysian Imports Have Injured U S Silicon Metal Industry; U S Industry Applauds Antidumping Order
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U S Department of Commerce Imposes Final Duties on All Silicon Metal Imports From Malaysia, US Producers Report
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WASHINGTON, Feb. 23, 2021 /PRNewswire/ American manufacturers Globe Specialty Metals, Inc., a subsidiary of Ferroglobe PLC (NASDAQ:GSM) ( GSM ), and Mississippi Silicon LLC ( MS ), representing the majority of American silicon metal production, today applauded news that the U.S. Department of Commerce ( Commerce ) will impose final antidumping (AD) and countervailing (CVD) duties of up to 160% on silicon metal imports from Bosnia and Herzegovina, Iceland, and Kazakhstan.
Next, the U.S. International Trade Commission (ITC) will vote whether to affirm its preliminary decision that these imports have injured the U.S. industry. Assuming the outcome is affirmative, formal orders will be published shortly thereafter. The ITC is scheduled to vote on March 24.
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WASHINGTON, Jan. 27, 2021 /PRNewswire/ Globe Specialty Metals, Inc., a subsidiary of Ferroglobe PLC (NASDAQ:GSM) ( GSM ), and Mississippi Silicon LLC ( MS ), together representing the majority of American silicon metal production, today welcomed news that the U.S. Department of Commerce ( Commerce ) will impose preliminary duties of 7.41% on all silicon metal imports from Malaysia.
Last August, the U.S. International Trade Commission (ITC) preliminarily determined that imports from Malaysia, along with Bosnia and Herzegovina, Iceland, and Kazakhstan, are a cause of material injury to the U.S. industry. On November 30, 2020, Commerce subsequently announced duties of 120% on all silicon metal imports from Kazakhstan, and on December 8, 2020, announced duties up to 47.54% on imports from Bosnia and Herzegovina and Iceland. The Commerce and ITC investigations are now in their final phases.