Commerce Launches Antidumping Duty Investigations on Ferrosilicon from Russia and Venezuela
The Commerce Department is beginning antidumping duty investigations on ferrosilicon from Russia and Venezuela, it said in an Aug. 9 fact sheet. A group of domestic producers and labor unions requested the investigation July 19, alleging low-priced Russian and Venezuelan ferrosilicon is causing falling market prices, a drop in domestic sales revenue, and a decline in employment (see 13072624). They allege dumping margins of 21.85 to 60.78 percent for Russian exporters, and 20.07 to 60.11 percent for Venezuelan exporters, the fact sheet said.
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The International Trade Commission is set to make its preliminary injury determination by Sept. 3. These AD duty investigations will only continue if the ITC finds injury. ITT will provide more details upon publication of the initiation notice in the Federal Register.