The U.S. Department of Commerce has announced its final decision that Chinese companies have been dumping hardwood and decorative plywood on the U.S. market at margins of 55.76 to 121.65 percent and have received countervailable subsidies ranging from de minimis to 27.16 percent.
The DOC's investigation began in response to a petition from the Coalition for Fair Trade of Hardwood Plywood claiming the prices Chinese companies were able to offer because of government subsidies were harming the U.S. market. The DOC assigned preliminary antidumping and countervailing duties in February and April, respectively.
As a result of the final antidumping findings, mandatory respondents Linyi San Fortune Wood Co. Ltd. And Jiangyang Group received final dumping margins of 55.76 percent and 62.55 percent, respectively. Many other exporters qualified for a 59.46 percent rate, and all other producers and exporters received a margin of 121.65 percent.
In the countervailing duties investigation, mandatory respondents Linyi City Dongfang Jinxin Economic & Trade Co. Ltd., Linyi San Fortune Wood Co. Ltd. and Shanghai Fancywood Inc. received de minimis final subsidy rates. The 15 companies that did not respond to the DOC's questionnaires received a rate of 27.16 percent, and all other producers and exporters were assigned a rate of 13.58 percent.
U.S. Customs and Border Protection will collect cash deposits equal to the applicable weighted-average dumping margins from the producers and exporters.
More information on the DOC's determinations is available here.
