U.S. to Impose Duties on Imports of Silicon Metal

Globe Specialty Metals Inc (GSM), a subsidairy of Ferroglobe plc of London, England and Mississippi Silicon LLC (MS) of Burnsville, MS have reported that the U.S. Department of Commerce will impose final duties of 12.27% on all silicon metal imports from Malaysia.

Marco Levi, Ferroglobe’s CEO, said, “Massive subsidies and other unfair trade practices have deeply hurt U.S. producers and workers over time. Today’s decision is a welcome step in the right direction to get the market back on track. We appreciate the diligent efforts by the Commerce Department to enforce America’s trade laws and give all players a chance to compete fairly.”

The decision closes out a set of investigations requested by GSM and MS last year to stop producers from selling dumped and unfairly subsidized imports into the U.S. In March 2021, the U.S. international trade Commission determined that imports from Bosnia and Herzegovina, Iceland, and Kazakhstan were a cause of material injury to the U.S. industry.

Eddie Boardwine, MS’s COO, said, “Today’s announcement is good news for our industry, our company, and our workers. The results of this case and the companion cases should allow American producers to earn a reasonable return, invest in our operations, and continue to support jobs that pay well and provide important benefits to our workers, their families, and our community.”

Volume 35, Issue 12

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