Ferrovanadium from Korea Injures U.S. Industry, Says USITC

April 19, 2017
News Release 17-053
Inv. No. 731-TA-1315 (Final)
Contact: Peg O'Laughlin, 202-205-1819
Ferrovanadium from Korea Injures U.S. Industry, Says USITC

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

Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson, Meredith M. Broadbent, and F. Scott Kieff voted in the affirmative.

As a result of the USITC’s affirmative determination, Commerce will issue an antidumping duty order on imports of this product from Korea.

The Commission’s public report Ferrovanadium from Korea (Investigation No. 731-TA-1315 (Final), USITC Publication 4683, May 2017) will contain the views of the Commission and information developed during the investigation.

The report will be available by May 30, 2017; when available, 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 (Final)

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 that is added to molten steel to enhance the steel’s strength and wear resistance.

Status of Proceedings:
1.  Type of investigation: Final antidumping.
2.  Petitioners:  AMG Vanadium LLC, Cambridge, OH; Evergreen Metallurgical Company DBA Bear Metallurgical Company, Butler, PA; Gulf Chemical and Metallurgical Corporation, Freeport, TX[1]; and Evraz Stratcor, Inc., Hot Springs, AR.
3.  Investigation instituted by USITC:  March 28, 2016.
4.  USITC hearing: March 21, 2017.
5.  USITC vote: April 19, 2017.
6.  USITC notification of Department of Commerce: May 8, 2017.

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

U.S. Imports in 2015:
1.  From the subject country during 2015:  $15.6 million.
2.  From other countries during 2015:  $50.7 million.
3.  Leading sources during 2015: Czech Republic, Korea, Austria, and Canada (in terms of total value).

 

[1] Gulf, the former owner of Bear, filed for Chapter 11 bankruptcy protection in June 2016. In September 2016, Bear was acquired in a bankruptcy auction by Yilmaden Holding Inc.

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

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