Daily Digital Magazine: Pg. 3 — March 8, 2019

Commerce investigating titanium sponge imports

The Section 232 investigation begun Monday is in response to a petition filed in September by domestic producer Titanium Metals Corporation.

   The U.S. Department of Commerce on Monday initiated a national security investigation into the imports of titanium sponge, which is used in the production of military aircraft, space vehicles, satellites, naval vessels, missiles and munitions.
   U.S. Secretary of Commerce Wilbur Ross (pictured above) accepted the Section 232 petition filed on Sept. 27 by domestic producer Titanium Metals Corporation and launched an investigation into whether the quantity or circumstances of the imports threaten to impair national security, according to the department.

Commerce investigating titanium sponge imports

The Section 232 investigation begun Monday is in response to a petition filed in September by domestic producer Titanium Metals Corporation.

Commerce investigating titanium sponge imports

The Section 232 investigation begun Monday is in response to a petition filed in September by domestic producer Titanium Metals Corporation.

 
Continued from previous page
   The U.S. Department of Commerce on Monday initiated a national security investigation into the imports of titanium sponge, which is used in the production of military aircraft, space vehicles, satellites, naval vessels, missiles and munitions.
   U.S. Secretary of Commerce Wilbur Ross (pictured above) accepted the Section 232 petition filed on Sept. 27 by domestic producer Titanium Metals Corporation and launched an investigation into whether the quantity or circumstances of the imports threaten to impair national security, according to the department.
   The Department of Defense supports the investigation.
   “The Department of Commerce’s Bureau of Industry and Security will conduct a thorough, fair and transparent investigation before we make a recommendation to the president,” said Ross, who sent a letter to Acting Secretary of Defense Patrick Shanahan informing him the investigation had been initiated.
   Imports account for more than 60 percent of U.S. titanium sponge consumption, and currently only one American facility has the capacity to process titanium ore used in manufacturing. Titanium sponge also is used for infrastructure and commercial applications such as civilian aircraft, chemical plants, electrical power and desalination plants, building structures, automobile products and biomedical devices.
   In 2017, the Commerce Department launched an investigation into the alleged dumping of U.S. titanium sponge imports from Japan and Kazakhstan and whether the imports from Kazakhstan received unfair subsidiaries. The U.S. International Trade Commission voted to end the probe because it found U.S. producers weren’t harmed.   

Louisiana is said to be the hardest-hit state by proposed tariffs overall, with the vast majority of that impact coming from soybeans. Not because we are the top soy-producing state, but because we are the gateway port for that product to the rest of the world.

The Port of Oakland had a 7% year-over-year increase in containerized import volume in April, which was the busiest April in its 92-year history. 

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Commerce investigating titanium sponge imports

The Section 232 investigation begun Monday is in response to a petition filed in September by domestic producer Titanium Metals Corporation.

Mar 05, 2019 on Dec 27, 2018AmericanShipper.com

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Commerce investigating titanium sponge imports

The Section 232 investigation begun Monday is in response to a petition filed in September by domestic producer Titanium Metals Corporation.

Mar 05, 2019 on Dec 27, 2018AmericanShipper.com