US duties on Russian magnesium no longer applicable, says VSMPO
Dec 08, 2010 | 10:36 AM
| Anne Riley
The global magnesium market has undergone a "fundamental" shift since 2005, making U.S. anti-dumping duties on Russian magnesium unnecessary, Russian producer VSMPO-Avisma Corp. said.
Since the U.S. International Trade Commission (ITC) last looked at these duties, "there have been fundamental changes in the world and U.S. magnesium markets," VSMPO counsel John M. Gurley, an attorney with Arent Fox LLP, told the commission this week in testimony urging the repeal of the anti-dumping orders.
The duties, which are being revisited by the ITC as part of a standard five-year sunset review, apply to pure and alloyed Russian and alloyed Chinese magnesium. In the five years since the U.S. Department of Commerce put the duties in place, the Russian magnesium sector especially has undergone significant changes, said Gurley, who only addressed the Russian duties in his testimony.
Once a major producer of magnesium, VSMPO today produces just a fraction of its former output, Gurley said, noting that the company's total magnesium output has dropped to about 10,000 tonnes from some 26,000 tonnes in 2006. Magnesium represented just 3 percent of VSMPO's total sales in 2009, he noted.....
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