CC Metals and Alloys, LLC (CCMA) and Ferroglobe USA, Inc. (Ferroglobe), representing the entirety of American ferrosilicon production, have initiated legal proceedings by submitting petitions to the U.S. Department of Commerce and the U.S. International Trade Commission. These petitions accuse Russia, Kazakhstan, Malaysia, and Brazil of engaging in unfair trade practices by exporting ferrosilicon to the U.S. at prices below fair value, with alleged dumping margins reaching up to 212%, alongside benefiting from various subsidies. The action underscores the significant harm inflicted on the U.S. ferrosilicon industry and its workforce, prompting a call for the imposition of special duties on implicated imports.
Marco Levi, Chief Executive Officer of Ferroglobe PLC, highlighted the detrimental impact of these dumped imports over the past three years on the U.S. industry and local communities. Levi emphasized the necessity of these legal measures to restore competitive balance. Similarly, Chris Cobb, CCMA's plant manager, affirmed the capability of American producers to compete globally under fair trade conditions, stressing the importance of enforcing trade laws to protect domestic interests.
The petitions encompass all ferrosilicon varieties, irrespective of their chemical composition, grade, or physical form. Following the filing, the Commerce Department is set to commence its investigations by April 17, 2024, with the ITC anticipated to issue a preliminary injury determination by May 13, 2024. For further details, visit https://www.ccmetals.com/ and https://www.ferroglobe.com/.
