{"id":519971,"date":"2021-07-29T09:03:49","date_gmt":"2021-07-29T13:03:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\/"},"modified":"2021-07-29T09:03:49","modified_gmt":"2021-07-29T13:03:49","slug":"u-s-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\/","title":{"rendered":"U.S. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; U.S. Industry Applauds Antidumping Order"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MIAMI, July  29, 2021  (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 July 28<sup>th<\/sup>, that the U.S. International Trade Commission\u2019s (\u201cITC\u201d) final 5-0 vote confirming that silicon metal imports from Malaysia have materially injured the U.S. industry.<\/p>\n<p align=\"justify\">Following today\u2019s decision, the U.S. Department of Commerce (\u201cDOC\u201d) will issue a formal antidumping (AD) duty order covering all imports from Malaysia for at least five years.<\/p>\n<p align=\"justify\">\u201cU.S. businesses and workers have been unfairly impacted by Malaysian producers who refuse to abide by the rules of international trade,\u201d said Marco Levi, Chief Executive Officer of GSM\u2019s parent, Ferroglobe PLC. \u201cI am glad to see our trade laws enforced and thank the ITC and its staff for their hard work and commitment to these cases.\u201d<\/p>\n<p align=\"justify\">On June 30, 2020, GSM and MS filed petitions to stop silicon metal producers in Bosnia and Herzegovina, Iceland, Malaysia and Kazakhstan from selling dumped and unfairly subsidized silicon metal imports into the United States. On January 27, 2021, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rPRNe4TyqL8fGaPxAn5OqZdUzRDdw4BoG6diHLh8AavwNnT4dlEU1YTR3tnk3zCg7O6ELmZ9Y9mnG9O5SUIvHB08pHmwzYfBYZS8iDPI_e_WY6Gkr5shJef0JXWVeXehIFohx2uPau4_OlAecsPdXhh8MbcOWkWaJ5DfsoBkv6s7yHJUHooOUlJkG4GBQlq_F2URliConspUfl0jXbEjDf5I1Fg014QpMcpkngxPWcFhfTQVFynpA03_MW1VotywGjnqmrlBQA3IZmKpaWp_oQ==\" rel=\"nofollow noopener\" target=\"_blank\">the DOC announced<\/a>\u00a0preliminary duties of 7.41% on all imports of silicon metal from Malaysia.<\/p>\n<p align=\"justify\">Today\u2019s vote finalizes the last of the four cases; formal antidumping\/countervailing duty orders covering imports from Bosnia and Herzegovina, Iceland, and Kazakhstan being issued earlier this year.<\/p>\n<p align=\"justify\">\u201cWe are very pleased with today\u2019s vote, which confirms the harmful impact Malaysian imports have had in the U.S. market,\u201d said Eddie Boardwine, Chief Operations Officer of MS. \u201cThis decision will allow our company and our employees to continue investing in our operations, our communities, and our customers\u2019 futures.\u201d<\/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 highly purified form of silicon used in solar cells and semi-conductors.<\/p>\n<p align=\"justify\">\n        <strong>About 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=3Ep2b37Be0cxTAt0SkepBjDPUBu4-d8KKDQz_KCUG1UM1LhiiRT0FX3dDSj9Xh9PDcdzJ8MJ4gMV_vfV2xQu7W1ChQSa5h6Nj9bz7h5wJEOecr6BuLZiRICKKGnFXt3P\" rel=\"nofollow noopener\" target=\"_blank\">investor.relations@ferroglobe.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>MEDIA 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=2DQu0EYzhRxw9BmalhaKS2QTB8DwNXMAaUuHXXTyxxQLQOHgMjSzODYOAkYxQV1-7_7CoDAMBdWPpW1WUlGajEqJPQoJVvcCKCXNx_BeEZyv6w_nzzsnypL9wW5mgYf5\" rel=\"nofollow noopener\" target=\"_blank\">corporate.comms@ferroglobe.com<\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4OTMwMyM0MzIxODA5IzIwOTE2NzA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/e532e680-7c35-4c45-b300-2c4be5b53158\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MIAMI, July 29, 2021 (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 July 28th, that the U.S. International Trade Commission\u2019s (\u201cITC\u201d) final 5-0 vote confirming that silicon metal imports from Malaysia have materially injured the U.S. industry. Following today\u2019s decision, the U.S. Department of Commerce (\u201cDOC\u201d) will issue a formal antidumping (AD) duty order covering all imports from Malaysia for at least five years. \u201cU.S. businesses and workers have been unfairly impacted by Malaysian producers who refuse to abide by the rules of international trade,\u201d said Marco Levi, Chief Executive Officer of GSM\u2019s parent, Ferroglobe PLC. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; U.S. Industry Applauds Antidumping Order&#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-519971","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. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; U.S. Industry Applauds Antidumping Order - 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-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; U.S. Industry Applauds Antidumping Order - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MIAMI, July 29, 2021 (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 July 28th, that the U.S. International Trade Commission\u2019s (\u201cITC\u201d) final 5-0 vote confirming that silicon metal imports from Malaysia have materially injured the U.S. industry. Following today\u2019s decision, the U.S. Department of Commerce (\u201cDOC\u201d) will issue a formal antidumping (AD) duty order covering all imports from Malaysia for at least five years. \u201cU.S. businesses and workers have been unfairly impacted by Malaysian producers who refuse to abide by the rules of international trade,\u201d said Marco Levi, Chief Executive Officer of GSM\u2019s parent, Ferroglobe PLC. &hellip; Continue reading &quot;U.S. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; U.S. Industry Applauds Antidumping Order&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-29T13:03:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4OTMwMyM0MzIxODA5IzIwOTE2NzA=\" \/>\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-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"U.S. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; 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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 July 28th, that the U.S. International Trade Commission\u2019s (\u201cITC\u201d) final 5-0 vote confirming that silicon metal imports from Malaysia have materially injured the U.S. industry. Following today\u2019s decision, the U.S. Department of Commerce (\u201cDOC\u201d) will issue a formal antidumping (AD) duty order covering all imports from Malaysia for at least five years. \u201cU.S. businesses and workers have been unfairly impacted by Malaysian producers who refuse to abide by the rules of international trade,\u201d said Marco Levi, Chief Executive Officer of GSM\u2019s parent, Ferroglobe PLC. &hellip; Continue reading \"U.S. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; U.S. Industry Applauds Antidumping Order\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\/","og_site_name":"Market Newsdesk","article_published_time":"2021-07-29T13:03:49+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4OTMwMyM0MzIxODA5IzIwOTE2NzA=","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-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-international-trade-commission-confirms-malaysian-imports-have-injured-u-s-silicon-metal-industry-u-s-industry-applauds-antidumping-order-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"U.S. International Trade Commission Confirms Malaysian Imports Have Injured U.S. Silicon Metal Industry; 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