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US Commerce Dept. backs Evraz in ferrovanadium probe

February 04, 2012 - 02:20 GMT Location: New York

KEYWORDS: AMG Vanadium , Evraz , vanadium pentoxide , Nikom , ferrovanadium

Vanadium pentoxide shipped from a Russian subsidiary of steelmaker Evraz Group and then toll-processed into ferrovanadium in the United States does not represent a circumvention of a prevailing anti-dumping duty order on ferrovanadium from Russia, the Commerce Department has ruled in a preliminary determination.

"I don’t know if there will be much impact. Evraz is still (supplying customers) with material brought in from offshore," one trader said.

Domestic producer AMG Vanadium Inc., Cambridge, Ohio, filed a trade complaint against Evraz subsidiary OAO Vanady Tula last February (AMM, March 7), arguing that the domestic conversion process was a way for Russia’s...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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