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CF Industries Holdings, Inc. Welcomes Commerce Department's Affirmative Preliminary Countervailing Duty Determinations Concerning UAN from Russia and Trinidad and Tobago

11/30/2021 | 04:16pm EST

CF Industries Holdings, Inc. (NYSE: CF) today welcomed the U.S. Department of Commerce’s (“Commerce”) affirmative preliminary determinations that urea ammonium nitrate (UAN) imports from Russia are unfairly subsidized at rates ranging from 9.66% to 9.84% and UAN imports from Trinidad and Tobago (“Trinidad”) are unfairly subsidized at a rate of 1.83%. Commerce made the determinations as part of countervailing duty (“CVD”) investigations that are being conducted in response to petitions filed by CF Industries through certain of its production facilities.

“Commerce’s preliminary determinations are an important step towards leveling the playing field for the U.S. UAN industry and its workers,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “We appreciate the hard work of the Commerce professionals who are handling these investigations, and look forward to participating in the post-preliminary phase.”

As a result of today’s determinations, Commerce will impose preliminary cash deposit requirements on imports of UAN from Russia and Trinidad, equivalent to the rates of unfair subsidization. Commerce is conducting concurrent antidumping (“AD”) investigations of UAN from Russia and Trinidad. Preliminary determinations in the AD investigations are expected in late January, which could lead to the imposition of additional preliminary cash deposit requirements.

Commerce initiated the CVD and AD investigations in July 2021 in response to the above-referenced petitions alleging that unfairly dumped and subsidized imports of UAN from Russia and Trinidad are injuring the U.S. UAN industry. Under U.S. law, both Commerce and the U.S. International Trade Commission (“ITC”) must make final affirmative determinations in order for Commerce to issue an AD/CVD order, which would remain in place for at least five years. Commerce and the ITC are expected to make final determinations in the summer of 2022.

About CF Industries Holdings, Inc.

At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Company’s website at www.cfindustries.com and encourages those interested in the Company to check there frequently.

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Financials (USD)
Sales 2021 6 359 M - -
Net income 2021 1 083 M - -
Net Debt 2021 2 385 M - -
P/E ratio 2021 12,9x
Yield 2021 1,82%
Capitalization 14 155 M 14 155 M -
EV / Sales 2021 2,60x
EV / Sales 2022 1,83x
Nbr of Employees 2 985
Free-Float 99,1%
Duration : Period :
CF Industries Holdings, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends CF INDUSTRIES HOLDINGS, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 66,00 $
Average target price 72,40 $
Spread / Average Target 9,70%
EPS Revisions
Managers and Directors
W. Anthony Will President, Chief Executive Officer & Director
Christopher D. Bohn Chief Financial Officer & Senior Vice President
Stephen J. Hagge Chairman
Julie Scheck Freigang Chief Information Officer & Vice President
Michael P. McGrane Chief Compliance Officer, VP & Assistant Secretary
Sector and Competitors