USITC Votes to Continue Investigation Concerning Ferrovanadium from Korea

May 11, 2016
News Release 16-050
Inv. No. 731-TA-1315 (Preliminary)
Contact: Peg O'Laughlin, 202-205-1819
USITC Votes to Continue Investigation Concerning Ferrovanadium from Korea

The United States International Trade Commission (USITC) today determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of ferrovanadium from Korea that are allegedly sold in the United States at less than fair value.

All six Commissioners voted in the affirmative.

As a result of the Commission’s affirmative determination, the U.S. Department of Commerce will continue to conduct its investigation on imports of this product from Korea, with its preliminary antidumping duty determination due on or about September 6, 2016.

The Commission’s public report Ferrovanadium from Korea (Investigation No. 731-TA-1315 (Preliminary), USITC Publication 4611, May 2016) will contain the views of the Commission and information developed during the investigation.

The report will be available after June 9, 2016.  After that date, it may be accessed on the USITC website at:  http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.


UNITED STATES INTERNATIONAL TRADE COMMISSION
Washington, DC 20436

FACTUAL HIGHLIGHTS
Ferrovanadium from Korea
Investigation No. 731-TA-1315 (Preliminary)

Product Description: The product covered by this investigation is all ferrovanadium regardless of grade (i.e., percentage of contained vanadium), chemistry, form, shape, or size. Ferrovanadium is an alloy of iron and vanadium.

Status of Proceedings:
1. Type of investigation: Preliminary antidumping.
2. Petitioners: The Vanadium Producers and Reclaimers Association and its members: AMG Vanadium, LLC, Cambridge, OH; Bear Metallurgical Company, Butler, PA; Gulf Chemical & Metallurgical Corporation, Freeport, TX; and Evraz Stratcor, Inc., Hot Springs, AR.
3. Preliminary investigation instituted by the USITC: March 28, 2016.
4. Commission’s conference: April 18, 2016.
5. USITC vote: May 11, 2016.
6. USITC determinations to the U.S. Department of Commerce: May 12, 2016.
7. USITC views to the U.S. Department of Commerce: May 19, 2016.

U.S. Industry:
1. Number of producers in 2015: Two.
2. Location of producers’ plants: Ohio and Pennsylvania.
3. Employment of production and related workers in 2015: [1]
4. Apparent U.S. consumption in 2015: 1
5. Ratio of the value of total U.S. imports to total U.S. consumption in 2015: 1

U.S. Imports:
1. From the subject country during 2015: $16.3 million.
2. From other countries during 2015: $50.7 million.
3. Leading sources during 2015: Czech Republic, Korea, and Austria (in terms of total value).


[1] Withheld to avoid disclosure of business proprietary information.

 

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