U.S. Starts Probe into Titanium Sponge Imports
Washington, March 4 (Jiji Press)--The U.S. Department of Commerce said Monday that it has launched an investigation into whether titanium sponge imports hurt the country's security.
The department apparently hopes to block rises in imports of the raw form of titanium metal, used in defense equipment such as military aircraft, from Japan and Kazakhstan to boost production in the United States.
If the department deems the imports as a threat to security, the United States may impose additional tariffs on titanium sponge imports.
The investigation is based on Section 232 of the Trade Expansion Act of 1962, which allows import restrictions on grounds of security. The probe started in response to a petition from U.S. titanium manufacturer Titanium Metals Corp.
Titanium sponges are used in defense equipment, including military helicopters and missiles, as well as for commercial purposes, such as private aircraft production and petrochemical plant construction.
[Copyright The Jiji Press, Ltd.]