Following a 6-0 unanimous vote at the U.S. International Trade Commission (ITC) in favor of slapping antidumping duty investigation on imports from China will partly cheer local manufacturers who have been facing the heat of cheap import from that country.
With this a decisive move in the direction of determining the harm caused to ITC commissioners has vindicated the assertion of US staple polyester fibre makers who had filed the petition in June, last.
Lead counsel to the petitioners which include DAK Americas LLC, Charlotte, North Carolina, Nan Ya Plastics Corporation, America, Lake City, South Carolina and Wellman Inc, Shrewsbury, New Jersey, Paul Rosenthal informed media that it was evident from the growing imports of certain polyester staple fibers makers from China, of underpricing and lowering values to grab the US markets.
He exclaimed, "We are pleased with the Commission's preliminary determination."
An 88 to 109 percent levy of anti-dumping duties is sought to offset the price advantge that the imports of polyester staple fibers with a diameter of three denier and greater, used for making bedding, , furniture, mattresses, sleeping bags and ski jackets.
Department of Commerce is expected to determine the figure that will be levied on Chinese staple fibre imports.
The preliminary determinations by Commerce currently are due no later than November 30, 2006.
Once the Commerce Department makes its preliminary determination, U.S. Customs and Border Protection will begin to require importers to pay cash deposit or post a bond equal to the estimated dumping margin.
The long drawn investigative process will run through a year and final determinations of injury and dumping will occur in mid-2007.
With this a decisive move in the direction of determining the harm caused to ITC commissioners has vindicated the assertion of US staple polyester fibre makers who had filed the petition in June, last.
Lead counsel to the petitioners which include DAK Americas LLC, Charlotte, North Carolina, Nan Ya Plastics Corporation, America, Lake City, South Carolina and Wellman Inc, Shrewsbury, New Jersey, Paul Rosenthal informed media that it was evident from the growing imports of certain polyester staple fibers makers from China, of underpricing and lowering values to grab the US markets.
He exclaimed, "We are pleased with the Commission's preliminary determination."
An 88 to 109 percent levy of anti-dumping duties is sought to offset the price advantge that the imports of polyester staple fibers with a diameter of three denier and greater, used for making bedding, , furniture, mattresses, sleeping bags and ski jackets.
Department of Commerce is expected to determine the figure that will be levied on Chinese staple fibre imports.
The preliminary determinations by Commerce currently are due no later than November 30, 2006.
Once the Commerce Department makes its preliminary determination, U.S. Customs and Border Protection will begin to require importers to pay cash deposit or post a bond equal to the estimated dumping margin.
The long drawn investigative process will run through a year and final determinations of injury and dumping will occur in mid-2007.
