US commerce department finds PSF dumping from 4 nations

The dumping margins determined by the USDC are 65.17 to 103.06 per cent for imports from China, 21.43 per cent for Indian products, zero to 45.23 per cent for goods from Korea, and zero to 48.86 per cent for imports from Taiwan.

In 2017, imports of fine denier PSF from China, India, Korea, and Taiwan were valued at an estimated $61.4 million, $23.7 million, $11.9 million, and $7.4 million, respectively. 

The petition for AD investigations was filed by DAK Americas LLC (NC), Nan Ya Plastics Corporation, America (SC), and Auriga Polymers Inc. (NC).

In the China investigation, USDC calculated a dumping rate of 72.22 per cent for Jiangyin Hailun Chemical Fiber Co., Ltd., and 65.17 per cent for Jiangyin Huahong Chemical Fiber Co., Ltd. The China-wide entity received a dumping rate of 103.06 per cent, based on adverse facts available, the Fact Sheet released by International Trade Administration said.

Fourteen additional companies demonstrated that they are independent from the Chinese government control; thus, USDC granted these companies a separate rate, which is equal to the simple average of the dumping rates calculated for Jiangyin Hailun Chemical Fiber Co., Ltd. and Jiangyin Huahong Chemical Fiber Co., Ltd.

In the India investigation, USDC assigned a dumping rate of 21.43 per cent to Reliance Industries Limited and Bombay Dyeing & Manufacturing Company Limited based on adverse facts available. USDC assigned a dumping rate of 21.43 per cent to all other producers and exporters of fine denier PSF from India. This rate is based on an AD margin from the petition.

In the Korea investigation, USDC calculated a dumping rate of zero per cent for Toray Chemical Korea Inc., and assigned a dumping rate of 45.23 per cent to Down Nara Co., Ltd. (AKA Down-Nara Co., Ltd., AKA Koreco Synthetic Fiber Co., Ltd.) and Huvis Corporation based on adverse facts available. USDC determined a dumping rate of 30.15 per cent for all other producers and exporters of fine denier PSF from Korea.

In the Taiwan investigation, USDC calculated a dumping rate of zero per cent for Tainan Spinning Co., Ltd., and assigned a dumping rate of 48.86 per cent to Far Eastern Textile Ltd. (AKA Far Eastern New Century Corporation) based on adverse facts available. USDC determined a dumping rate of 24.43 per cent for all other producers and exporters of fine denier PSF from Taiwan.

The US International Trade Commission (ITC) is conducting investigations to determine whether or not the domestic industry is harmed by imports of fine denier PSF from China, India, Korea, and Taiwan. The ITC is scheduled to make its final injury determinations on or before July 9, 2018.

If the ITC makes affirmative final injury determinations, USDC will issue AD orders. If the ITC makes negative final determinations of injury, the investigations will be terminated, and no orders will be issued. (RKS)

Fibre2Fashion News Desk – India