Ferroglobe Confirms Affirmative Determination in Sunset Review of U.S. Antidumping Order on Silicon Metal from China
By a unanimous (4-0) vote, the ITC determined that revoking the existing order on silicon metal from
U.S. law requires the
As a result of the affirmative DOC and ITC determinations, the U.S. antidumping order on imports from
With the exception of one Chinese supplier, the order requires cash deposits of antidumping duties at a 139.49 percent rate when silicon metal imports from
Ferroglobe’s Executive Chairman, Javier López
The ITC’s press release regarding the affirmative sunset review determination will be published at: https://www.usitc.gov/press_room/news_release/news_release_index.htm. The ITC’s public report explaining the basis for the determination is scheduled to be released on
Ferroglobe PLC is one of the world's leading suppliers of silicon metal, silicon-based specialty alloys and ferroalloys serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, automotive, consumer products, construction and energy. The company is based in London. For more information, visit http://investor.ferroglobe.com/.
This release contains "forward-looking statements" within the meaning of U.S. securities laws. Forward-looking statements are not historical facts but are based on certain assumptions of management and describe the Company's future plans, strategies and expectations. Forward-looking statements often use forward-looking terminology, including words such as "anticipate", "believe", "could", "estimate", "expect", "forecast", "guidance", "intends", "likely", "may", "plan", "potential", "predicts", "seek", "will" and words of similar meaning or the negative thereof.
Forward-looking statements contained in this press release are based on information presently available to the Company and assumptions that we believe to be reasonable, but are inherently uncertain. As a result, Ferroglobe's actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements, which are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond the Company's control.
All information in this press release is as of the date of its release. Ferroglobe does not undertake any obligation to update publicly any of the forward-looking statements contained herein to reflect new information, events or circumstances arising after the date of this press release. You should not place undue reliance on any forward-looking statement which are made only as of the date of this press release.
Chief Financial Officer
Source: Ferroglobe PLC