U.S. International Trade Commission Votes 3-1 for Continued Duties on Imported French Low Enriched Uranium
USEC Inc. (NYSE: USU) learned today that the United States International Trade Commission (ITC) today voted 3-1 to leave in place duties on French low enriched uranium. The duties were first established in 2002 and renewed in 2007 following a comprehensive investigation by the U.S. Commerce Department and the ITC.
The vote ensures that the U.S. Commerce Department’s order imposing dues on French low enriched uranium to offset dumping, which has been detrimental to America’s uranium enrichment industry, will remain in place for at least five more years.
The duties were imposed under a procedure permitted by the General Agreement on Tariffs and Trade and the World Trade Organization.
USEC Inc., a global energy company, is a leading supplier of enriched uranium fuel for commercial nuclear power plants.
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