Chinese, Indian, Korean Exporters Dumped Polyester Staple Fiber, US Says
Xu Wei
/SOURCE : Yicai
Chinese, Indian, Korean Exporters Dumped Polyester Staple Fiber, US Says

(Yicai Global) Dec. 21 -- The US Department of Commerce has preliminarily ruled that exporters from mainland China, Taiwan, India and South Korea have sold fine denier polyester staple fiber at less than fair value.

The commerce department calculated preliminary dumping rates of 63.26 percent to 181.46 percent for mandatory respondents from mainland China and rates of 0 percent to 48.86 percent for ones from Taiwan.

The department initiated antidumping duty and countervailing duty investigations of imports of polyester staple fiber in June in response to complaints from US firms.

The department ruled last month that imports of the fiber from mainland China and India were subsidized and that the subsidy rate of products from China was 41.73 percent to 47.64 percent.

The US International Trade Commission previously made a preliminary ruling in July, saying polyester staple fiber products imported from the Chinese mainland, Taiwan, India and South Korea caused substantial damage to related industries in the US.

As a result of the preliminary ruling, US Customs and Border Protection will collect cash deposits from importers of such products.

The US Department of Commerce will make a final ruling in May and the International Trade Commission will make one in June. If they both make affirmative ones, the US Department of Commerce will require US Customs to impose tariffs on related products.

The US imported USD79.41 million worth of polyester staple fiber products from mainland China last year, and USD9.58 million from Taiwan, per US Department of Commerce data.

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Keywords: US , Taiwan , INDIA , South Korea , Polyester Staple Fiber , Anti-Dumping