A US trade panel has given preliminary approval to anti-dumping duties on magnesium from Russia and China used to make lighter and more fuel-efficient vehicles.
Go deeper with GlobalData
Reuters said the US International Trade Commission voted unanimously that there was a reasonable indication that lower-priced imports from the two countries were harming US producers.
The news agency noted that car makers including Ford and Volkswagen have touted magnesium’s role in improving vehicle fuel efficiency by reducing weight when used in a variety of different parts.
According to the report, a coalition of US magnesium producers and union workers have asked for anti-dumping duties of 141.49% on imports from China and up to 101.24% on imports from Russia after the United States imported $US34.5 million of pure magnesium and $31.1 million of alloy magnesium from the two countries in 2003, the period under investigation in the case.
The ITC vote clears the way for the US Commerce Department to set preliminary anti-dumping duties on imports from China and Russia in the coming months, Reuters added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataHowever, the news agency noted, the ITC would have to make a final determination that the imports are materially injuring US producers for the anti-dumping duties to become permanent.
