Russia and Venezuela Ferrosilicon: Commerce Announces Final Determination, No Duties for Russia
The Commerce Department issued its final determinations in the antidumping duty investigations on ferrosilicon from Russia and Venezuela, finding dumping by Venezuelan exporters but not Russian companies and therefore exempting Russia from AD duties. Commerce's July 25 fact sheet says it calculated a 22.84% AD duty rate for Venezuelan producers. But just as it had in its preliminary determination, Commerce calculated a zero rate for the only Russian company under investigation. Commerce will now terminate the AD duty investigation on ferrosilicon from Russia, and will not issue an AD duty order. The agency will direct CBP to continue to collect AD duty cash deposits on subject merchandise from Venezuela.
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The next step is the International Trade Commission’s final injury determination for Venezuela, currently scheduled for Sept. 7. If the ITC finds injury, Commerce will make duties permanent on ferrosilicon from Venezuela by issuing an AD duty order.