{"id":390725,"date":"2020-12-01T09:03:34","date_gmt":"2020-12-01T14:03:34","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=390725"},"modified":"2020-12-01T09:03:34","modified_gmt":"2020-12-01T14:03:34","slug":"u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/","title":{"rendered":"U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MIAMI, Dec.  01, 2020  (GLOBE NEWSWIRE) &#8212; Globe Specialty Metals, Inc. (\u201cGSM\u201d), a subsidiary of Ferroglobe PLC (NASDAQ: GSM), and Mississippi Silicon LLC (\u201cMS\u201d), together representing the majority of American silicon metal production, welcomed news on November 30<sup>th<\/sup> that the U.S. Department of Commerce (&#8220;Commerce&#8221;) will impose preliminary duties of 120% on all silicon metal imports from\u00a0Kazakhstan.<\/p>\n<p align=\"justify\">The announcement is part of ongoing investigations of unfairly-traded silicon metal imports from Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan. The U.S. International Trade Commission (ITC) has preliminarily determined that imports from these four countries are a cause of material injury to the U.S. industry.<\/p>\n<p align=\"justify\">&#8220;Unfair trade practices by foreign suppliers have been an ongoing challenge for our industry,&#8221; said\u00a0Marco Levi, Chief Executive Officer of GSM&#8217;s parent, Ferroglobe. &#8220;These duties will facilitate normalization of the U.S. market as the government responds to unfairly-traded imports. We appreciate the diligent efforts by the Commerce Department in this investigation.&#8221;<\/p>\n<p>On\u00a0June 30, 2020, GSM and MS filed petitions to stop silicon metal producers in\u00a0Bosnia and Herzegovina,\u00a0Iceland,\u00a0Malaysia\u00a0and\u00a0Kazakhstan\u00a0from selling dumped and unfairly subsidized silicon metal imports into\u00a0the United States. In their petitions, the companies asked the Commerce and ITC to impose duties on to offset unfair pricing and unfair subsidies.<\/p>\n<p align=\"justify\">Following this announcement, preliminary determinations will be announced in the\u00a0Bosnia and Herzegovina\u00a0and\u00a0Iceland\u00a0investigations on\u00a0December 8, 2020, and in the\u00a0Malaysia\u00a0investigation on\u00a0January 27, 2021.\u00a0<\/p>\n<p align=\"justify\">&#8220;Today&#8217;s decision appropriately recognizes the challenges our industry has faced in recent years as a result of dumped and subsidized imports,&#8221; said\u00a0Eddie Boardwine, Chief Operations Officer of MS. &#8220;We appreciate the government&#8217;s efforts to respond to unfair trade practices and look forward to seeing conditions in the U.S. market improve in the near future.&#8221;<\/p>\n<p align=\"justify\">Silicon metal is an important element added to various grades of aluminum alloys used in performance applications such as automotive components and aerospace products. Silicon metal also is a critical raw material in the production of silicone compounds used in numerous products including sealants, adhesives, rubber gaskets, caulking compounds, lubricants, food additives, coatings, polishes, and cosmetics, among others. In addition, silicon metal is the base material in the production of polysilicon, a purified form of silicon used in solar cells and semi-conductors.<\/p>\n<p align=\"justify\">\n        <strong>About <\/strong><br \/>\n        <strong>Globe Specialty Metals<\/strong>\n      <\/p>\n<p align=\"justify\">Globe Specialty Metals, Inc.\u00a0is a wholly-owned\u00a0U.S.\u00a0subsidiary of\u00a0Ferroglobe PLC, one of the world\u2019s leading suppliers of silicon metal, silicon- and manganese- based specialty alloys and ferroalloys, serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, automotive, consumer products, construction and energy. Through its subsidiaries, GSM owns metallurgical manufacturing facilities and other operations in Ohio,\u00a0West Virginia, New York, Alabama, Indiana, Florida and\u00a0Kentucky.<\/p>\n<p align=\"justify\">\n        <strong>INVESTOR CONTACT:<\/strong><br \/>\n        <br \/>Gaurav Mehta<br \/>Executive Vice President &#8211; Investor Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=DaEmOuMutR1lCYLugPUzdt9re7rmdYTE_rkek2O5eJggh6PphzU6hp9ZhF0O8lBGYo49--arvCvynRMWXd0xs3FkLTI6-0t99fzMvHVR1y0KMGZii8HiUStoIKBu_pjG\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">investor.relations@ferroglobe.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>MEDIA<\/strong><br \/>\n        <strong> CONTACT:<\/strong><br \/>\n        <br \/>Cristina Feliu Roig<br \/>Executive Director \u2013 Communications &amp; Public Affairs<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nZr2mJM039sPWcxcuZkOJXASn_mydnsPVMyTlsAYzXtNKiZ--9zgRF58TjYx769cebBmXgMv3--6awiTvpihQllYJc4IeWGI3AtJ7f-hEqEi6dkeJAl2yhsueYLH9628\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">corporate.comms@ferroglobe.com<\/a>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NDcwMyMzODUwNjAyIzIwMDYyMzY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/b44f3639-97ba-45c9-bc9a-507e73f2643c\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MIAMI, Dec. 01, 2020 (GLOBE NEWSWIRE) &#8212; Globe Specialty Metals, Inc. (\u201cGSM\u201d), a subsidiary of Ferroglobe PLC (NASDAQ: GSM), and Mississippi Silicon LLC (\u201cMS\u201d), together representing the majority of American silicon metal production, welcomed news on November 30th that the U.S. Department of Commerce (&#8220;Commerce&#8221;) will impose preliminary duties of 120% on all silicon metal imports from\u00a0Kazakhstan. The announcement is part of ongoing investigations of unfairly-traded silicon metal imports from Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan. The U.S. International Trade Commission (ITC) has preliminarily determined that imports from these four countries are a cause of material injury to the U.S. industry. &#8220;Unfair trade practices by foreign suppliers have been an ongoing challenge for our industry,&#8221; said\u00a0Marco Levi, Chief Executive &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-390725","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MIAMI, Dec. 01, 2020 (GLOBE NEWSWIRE) &#8212; Globe Specialty Metals, Inc. (\u201cGSM\u201d), a subsidiary of Ferroglobe PLC (NASDAQ: GSM), and Mississippi Silicon LLC (\u201cMS\u201d), together representing the majority of American silicon metal production, welcomed news on November 30th that the U.S. Department of Commerce (&#8220;Commerce&#8221;) will impose preliminary duties of 120% on all silicon metal imports from\u00a0Kazakhstan. The announcement is part of ongoing investigations of unfairly-traded silicon metal imports from Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan. The U.S. International Trade Commission (ITC) has preliminarily determined that imports from these four countries are a cause of material injury to the U.S. industry. &#8220;Unfair trade practices by foreign suppliers have been an ongoing challenge for our industry,&#8221; said\u00a0Marco Levi, Chief Executive &hellip; Continue reading &quot;U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-01T14:03:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NDcwMyMzODUwNjAyIzIwMDYyMzY=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan\",\"datePublished\":\"2020-12-01T14:03:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\\\/\"},\"wordCount\":493,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NDcwMyMzODUwNjAyIzIwMDYyMzY=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\\\/\",\"name\":\"U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan - 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(\u201cGSM\u201d), a subsidiary of Ferroglobe PLC (NASDAQ: GSM), and Mississippi Silicon LLC (\u201cMS\u201d), together representing the majority of American silicon metal production, welcomed news on November 30th that the U.S. Department of Commerce (&#8220;Commerce&#8221;) will impose preliminary duties of 120% on all silicon metal imports from\u00a0Kazakhstan. The announcement is part of ongoing investigations of unfairly-traded silicon metal imports from Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan. The U.S. International Trade Commission (ITC) has preliminarily determined that imports from these four countries are a cause of material injury to the U.S. industry. &#8220;Unfair trade practices by foreign suppliers have been an ongoing challenge for our industry,&#8221; said\u00a0Marco Levi, Chief Executive &hellip; Continue reading \"U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-01T14:03:34+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NDcwMyMzODUwNjAyIzIwMDYyMzY=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan","datePublished":"2020-12-01T14:03:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/"},"wordCount":493,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NDcwMyMzODUwNjAyIzIwMDYyMzY=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-silicon-metal-producers-welcome-duties-on-imports-of-silicon-metal-from-kazakhstan-2\/","name":"U.S. Silicon Metal Producers Welcome Duties on Imports of Silicon Metal from Kazakhstan - 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