Felman Production, LLC filed an anti-dumping petition with the U.S. Department of Commerce and the U.S. International Trade Commission, charging that dumped imports of silicomanganese from Australia are causing material injury to its West Virginia manufacturing operation and to the U.S. silicomanganese industry as a whole.
Felman filed this petition in response to large and increasing volumes of low-priced imports of silicomanganese from Australia’s only producer, Tasmanian Electro Metallurgical Company (“TEMCO”). TEMCO’s prices have dropped sharply in recent years, and by selling their products at unfairly low prices that significantly undercut U.S. producer prices, TEMCO’s actions have contributed to the downward decline in U.S. market prices that ultimately led Felman to shut down its production from June 2013 to July 2014.
According to the petition, TEMCO continues to dump its silicomanganese into the U.S. market at a rate of 61.1 percent. Because Australia has been the “low price leader” in recent years, and because U.S. contract prices are linked to published index prices, Felman believes there is no doubt that imports from Australia are having a far-reaching effect on U.S. industry financial performance and American jobs.
“Dumped silicomanganese from Australia has had a devastating impact on U.S. market conditions in recent years, but we are not giving up. Felman successfully restarted two of its furnaces last year, and we are now taking this important action to ensure that U.S. manufacturers and workers have the opportunity to compete on a level playing field,” said Felman’s CEO, Mordechai “Motti” Korf.
As a result of the filing of the petition, the U.S. Department of Commerce will determine whether to initiate the antidumping investigation within 20 days, and the U.S. International Trade Commission will reach a preliminary determination within 45 days. The entire investigative process will take approximately one year to complete, although preliminary antidumping duties can be assessed on Australian imports in less than six months. Antidumping orders are already in effect against several other countries, including India, Kazakhstan, Venezuela, China, and Ukraine.
Felman is represented in this action by the law firm of Cassidy Levy Kent, LLP.
About Felman Production, LLC:
Founded in 2006 and headquartered in New Haven, WV, Felman Production, LLC is a leading producer of high-quality ferrosilicomanganese, an essential deoxidizer and alloy additive used in the manufacturing of steel. When utilizing multiple furnaces in around-the-clock operations, the company has the capacity to produce approximately 105,000 metric tons of silicomanganese annually at its 190 plus acre facility. Felman Production’s products are distributed to steelmakers across North and South America through its sister company Felman Trading, Inc., an international ferroalloys trading company. Felman Production is one of only two companies in the United States that produces critically important silicomanganese. Felman Production is a wholly-owned subsidiary of Miami-based Georgian American Alloys, Inc.
Source : http://www.businesswire.com/