Ferro Silicon Prices to rise in the European Iron
The EU commission has commenced proceedings to impose anti-dumping duties on all imports of ferro-silicon to the EU from China, Egypt, Kazakhstan, Macedonia and Russia. (Dumping is defined as a when a foreign company sells product at 95% of their normal domestic selling price). The level of duty that has been proposed is 35.5%, which compares with a current duty level of 5.7%. This will mean that the cost of ferrosilicon will be markedly increased with cost implications for those foundries that produce iron castings, and particularly high Si iron castings. These foundries will see their raw materials costs increase which could make their castings less competitive in the global market.
Those companies who are concerned that they may be adversely affected by the tariff are being encouraged to make their case to the European Commission. The final decision is due to be made in February 2008.
As part of this there is a two part questionnaire that all interested parties are asked to complete in order to make representation to the EU Commission on this matter.
For more information please contact John Parker at the Cast Metals Federation who can put you in touch with other interested companies for advice and guidance.