Ferroglobe comments on DOC's subsidy impositions on metal imports
Ferroglobe stated that it "welcomes" the Department of Commerce's preliminary determinations imposing countervailing duties on silicon metal imports into the U.S. from Australia, Brazil, and Kazakhstan. The DOC initiated its countervailing duty investigations in response to a petition filed earlier this year by Ferroglobe subsidiary Globe Specialty Metals, a U.S. producer of silicon metal, against these three countries. The resulting cash deposit requirements will go into effect when the preliminary determinations are published in the Federal Register and will apply to silicon metal imported into the U.S. on or after that date. More than 54% of silicon metal imports into the U.S. will be subject to cash deposit requirements.