U.S. probing titanium sponge imports from Japan, Kazakhstan
“The Department of Commerce intends to act swiftly to halt any unfair trade practices and will render our decisions at the earliest opportunity, while also assuring a full and fair assessment of the facts,” said Secretary Ross. “The U.S. market is the most open in the world, but we must take action to ensure U.S. businesses and workers are treated fairly.”
These AD and CVD investigations were initiated based on petitions filed by Titanium Metals Corporation (a.k.a., TIMET) (PA) on August 24, 2017. The estimated dumping margins alleged by the petitioner range from 66.69 percent to 95.2 percent for Japan and 42.22 percent for Kazakhstan, and the unfair subsidies are estimated to be above de minimis, that is, one percent or greater for Kazakhstan.
In the AD investigation, the Commerce Department will determine whether imports of titanium sponge from Japan and Kazakhstan are being sold in the U.S. market at less than fair value.
In the CVD investigation, the Commerce Department will determine whether Kazakhstan producers of titanium sponge are receiving countervailable government subsidies. ■