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Timet may appeal ITC sponge ruling

Oct 10, 2017 | 10:18 AM | Miami | Grace Lavigne Asenov

Tags  Timet, ITC, titanium sponge, titanium imports, Henry Seiner, Grace Lavigne


Titanium Metals is “bewildered and anxious” about the International Trade Commission’s recent vote to end its preliminary anti-dumping and countervailing duty investigations into titanium sponge imports from Japan and Kazakhstan, according to a top executive.

Titanium Metals (Timet) is “bewildered and anxious” about the International Trade Commission’s (ITC’s) recent vote to end its preliminary anti-dumping and countervailing duty investigations into titanium sponge imports from Japan and Kazakhstan, according to a top executive.

Timet is waiting to see the ITC’s rationale for that ruling, and may appeal the decision based on what the agency says, Timet vice president of business strategy Henry S. Seiner told AMM on October 10, speaking on the sidelines of the Titanium USA 2017 conference in Miami. The Exton, Pa.-based titanium producer expects the rationale will be released within the next couple of weeks, he said.

An ITC spokesman at the conference declined to comment, citing the “ongoing” nature of the titanium sponge investigations.

“Based on the new administration, we felt the timing was right,” he said of why Timet decided to bring the case to the ITC this year.

Seiner also noted that Allegheny Technologies Inc.’s decision to indefinitely idle its Rowley, Utah, titanium sponge production facility at the end of 2016 was a “smoking gun,” lending credence to the claim that Japan and Kazakhstan have been dumping sponge in the United States.

He acknowledged that Timet does supplement some of its own titanium sponge capacity with imports from Japan.

The ITC’s titanium sponge investigations were launched in late August, based on a petition filed by Timet. The US Commerce Department subsequently initiated its own investigations, in step with the ITC probes.

Prices for rotor-quality titanium sponge imports from Japan slipped to $4.79 per pound in September, from $4.83 per pound previously, according to AMM’s assessment.

Grace Lavigne


 

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