Schumer backs US ferrosilicon firms

Jul 22, 2014 | 06:56 PM | Daniel Fitzgerald

Tags  Charles Schumer, Commerce Department, anti-dumping, Penny Pritzker, ferrosilicon, Russia, Globe Specialty Metals, Daniel Fitzgerald

NEW YORK — Sen. Charles Schumer (D., N.Y.) has urged the Commerce Department to consider allegations from companies including Globe Specialty Metals Inc. that Russian suppliers of ferrosilicon "misreported critical facts" during the agency’s anti-dumping investigation.

In a letter to Commerce Secretary Penny Pritzker, Schumer expressed concerns about Commerce’s preliminary decision not to levy duties on Russian imports (amm.com, March 5). A final ruling is expected this week.

"U.S. petitioners have informed me that a negative preliminary determination was issued in the ferrosilicon investigation because the Russian exporter misreported critical facts needed to calculate the margin of dumping properly," Schumer said in the letter. "They allege that the Russian exporter portrayed payments received in connection with its sales as revenue received for separate ‘post-sale’ services (such as sizing and warehousing), when these payments should have been treated as part of the revenue received for the merchandise. Additionally, the U.S. petitioners indicate that the Russian exporter misreported the shipment dates for many of its home market sales. If accurate, this misreporting....





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