US ITC 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.