The U.S. International Trade Commission opened an investigation into titanium sponge from Japan and Kazakhstan on Friday after Titanium Metals Corp. argued unfair trade practices threatened the lone remaining U.S. producer of the valuable metal’s initial processed form. Titanium Metals, or Timet, asked the U.S. government to impose anti-dumping duties of 31 to 69 percent on various producers in Japan and 33 percent on Kazakhstan’s lone producer, Ust-Kamenogorsk Titanium Magnesium Plant JSC. It also wants a countervailing duty on UKTMP over alleged government subsidies.
Timet says its lone domestic competitor, Allegheny Technologies Inc., stopped producing sponge in August 2016 under the same pressures it hopes new duties will address.
“Timet is the last operating producer of subject titanium sponge in the United States,” the company said in its petition. “Timet’s efforts to sell titanium sponge domestically have been universally rebuffed due to the availability of unfairly priced titanium sponge from Japan and Kazakhstan.”
The U.S. revoked an anti-dumping order on titanium sponge from Japan and the former Soviet states of Kazakhstan, Read more