US DOC announces preliminary margins for Korean ferrovanadium imports

Thursday, 27 October 2016 23:50:25 (GMT+3)   |   San Diego
       

On October 26, 2016, the Department of Commerce (DOC) announced its affirmative preliminary determination in the antidumping duty investigation of imports of ferrovanadium from Korea.
 
The DOC preliminarily found dumping by mandatory respondent, Korvan Ind. Co., Ltd., at a preliminary margin of 4.48 percent.  Additionally, based on the application of adverse facts available, the DOC preliminarily found that dumping has occurred by mandatory respondents, Fortune Metallurgical Group Co., Ltd. and Woojin Ind. Co., Ltd., at 54.69 percent.  The DOC assigned a preliminary dumping margin of 4.48 percent to all other producers/exporters in Korea.
 
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.   
 
Ferrovanadium is classified under HTSUS item number 7202.92.0000. In 2015, imports of ferrovanadium from Korea were valued at an estimated $16 million.
 
The DOC is scheduled to announce its final determination on or about March 17, 2017. The ITC is scheduled to make its final injury determination in May 2017.

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