US DOC announces final margins for ferrovanadium imports from Korea

Monday, 20 March 2017 20:44:50 (GMT+3)   |   San Diego
       

On March 17, 2017, the US Department of Commerce (DOC) announced its affirmative final determination in the antidumping duty (AD) investigation of imports of ferrovanadium from Korea.
 
The DOC found dumping by mandatory respondent, Korvan Ind. Co., Ltd., at a final margin of 3.22 percent.  Additionally, based on the application of adverse facts available, the DOC found that dumping has occurred by mandatory respondents, Fortune Metallurgical Group Co., Ltd. and Woojin Ind. Co., Ltd., at final margins of 54.69 percent.  The DOC assigned a final dumping margin of 3.22 percent to all other producers/exporters in Korea.
 
In 2015, imports of ferrovanadium from Korea were valued at an estimated $16 million. The petitioners for this investigation are the Vanadium Producers and Reclaimers Association (DC) and its members: AMG Vanadium LLC; Bear Metallurgical Company; Gulf Chemical & Metallurgical Corporation; and Evraz Stratcor, Inc.   
 
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 classified under HTSUS item number 7202.92.0000.  
 
The US International Trade Commission (ITC) is scheduled to announce its final determination on or about May 1, 2017. If the ITC makes an affirmative final determination that imports of ferrovanadium from Korea materially injure, or threaten material injury to, the domestic industry, Commerce will issue an AD order.  If the ITC makes a negative final determination of injury, the investigation will be terminated and no AD order will be issued. 

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