U.S. finds some China firms dumped hardwood plywood -Commerce Dept


Reuters

UPDATE 1-U.S. finds some China firms dumped hardwood plywood -Commerce Dept


(Adds details, background)
    WASHINGTON, June 19 (Reuters) - The U.S. Commerce Department
said on Monday it had reached a preliminary determination that
some Chinese companies are dumping hardwood plywoods in the
United States, which imported an estimated $1.12 billion worth
of the products from China in 2016.
    A Commerce Department investigation found that exporters
from China had sold hardwood plywoods used for wall panels,
kitchen cabinets, tabletops and flooring in the United States
for as much as 114.72 percent below fair value, the department
said in a statement.
    The department preliminarily set an anti-dumping margin of
114.72 percent for Shandong Dongfang Bayley Wood Co Ltd and a
margin of 57.36 percent for other respondents eligible for a
separate rate.
    A rate of 114.72 percent was set for other Chinese producers
who belong to a China-wide entity, the Commerce Department said
in a statement.
    Mandatory respondent Linyi Chengen Import and Export Co Ltd
was determined not to be dumping and was not assessed an
anti-dumping margin, the department said.
    As a result of the decision, the Commerce Department will
instruct U.S. Customs and Border Protection to require cash
deposits from the firms based on those preliminary rates. Linyi
Chengen will not be subject to a cash deposit rate.
    The Commerce Department said a final determination in the
case was expected around Aug. 31.
    The investigation was launched after the Coalition for Fair
Trade in Hardwood Plywood initiated a complaint on behalf of
itself and its members, six private firms in Oregon, New York
and North Carolina.
    The Commerce Department issued a preliminary finding in
April that the plywood firms were being subsidized by Beijing
and should be subjected to countervailing duties ranging from
9.89 percent to 111.09 percent.
    It calculated preliminary subsidy rates of 111.09 percent
for Shandong Dongfang Bayley Wood Co and 9.89 percent for Linyi
Sanfortune Wood Co. A final decision in that case is due in
early July.

 (Reporting by David Alexander, editing by G Crosse)
 ((David.Alexander@thomsonreuters.com; +1-202-898-8300))

Keywords: USA CHINA/PLYWOOD (UPDATE 1)



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