U.S. Government Action Is Restoring Fair Trade in Enrichment Market; Review of USEC Trade Case Indicates French Enricher Is Curtailing Dumping.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Jan. 21, 2004 U.S. government efforts to reduce the unfair pricing of enriched uranium Enriched uranium is a sample of uranium in which the percent composition of uranium-235 has been increased through the process of isotope separation. Natural uranium is 99.284% 238U isotope, with 235U only constituting about 0.711 % of its weight. imports have been effective, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the preliminary results of an administrative review issued today by the U.S. Department of Commerce. USEC USEC Microsecond USEC United States Enrichment Corporation USEC United States East Coast USEC Unity Security Force (gaming) USEC Universal Services Echo Canceller USEC Umts Security USEC User Based Security Model Inc., the only U.S. enricher, said the department's action will benefit the long-term interests of the nuclear industry. The department's review is focused on antidumping an·ti·dump·ing adj. Intended to discourage importation and sale of foreign-made goods at prices substantially below domestic prices for the same items. duties on low-enriched uranium (LEU) imports from France. These duties have been in effect since July 2001, when the department made its first dumping finding in the case. The purpose of the review is to determine the magnitude of dumping during the 19-month period (July 13, 2001-January 31, 2003) since the agency first published antidumping duty rates. In today's preliminary conclusions, the Commerce Department estimated a new antidumping duty rate of 5.34 percent on LEU imported by the French government-owned Eurodif, S.A. However, the current 19.95 percent duty rate remains in effect until the department completes its administrative review and establishes a final rate, expected in May. "The duties are working," said Timothy B. Hansen, USEC senior vice president and general counsel. "The Commerce Department's preliminary conclusions show less evidence of dumping in the U.S. enrichment market. USEC will continue to work with the department to ensure that dumping is completely halted." Today's ruling applies only to the antidumping portion of the trade case. Later this month, the department is expected to issue the preliminary results of its administrative reviews of the countervailing duty orders imposed on subsidized LEU imports from Eurodif and the British-Dutch-German consortium, Urenco, Ltd. USEC Inc. (NYSE NYSE See: New York Stock Exchange :USU USU Usually USU Utah State University (Logan, UT) USU Uniformed Services University USU Ural State University (Ekatherinburg, Russia) USU Universidade Santa Úrsula ), a global energy company, is the world's leading supplier of enriched uranium fuel for commercial nuclear power plants. |
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