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Chinese hardwood plywood antidumping has merit: ITC.

WASHINGTON--Hardwood plywood imported from China came a step closer to facing antidumping duties following a unanimous vote by the U.S. International Trade Commission "that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of hardwood plywood from China that are allegedly subsidized and sold in the United States at less than fair value."

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The U.S. Department of Commerce (DOC) will now continue its probe of Chinese hardwood plywood imports and is expected to provide preliminary countervailing duty determination on or about Dec. 21. The DOC is further scheduled to issue A preliminary antidumping duty determination on or about March 6, 2013.

It is estimated the U.S. consumed an estimated $2 billion of hardwood plywood. Of this, approximately 66.5 percent was imported, with China accounting for approximately $707.3 million.

The vote upheld an antidumping petition filed in late September by the Coalition for Fair Trade of Hardwood Plywood, which says it represents approximately 80 percent of domestic production. The petition documents antidumping and countervailing duty margins in excess of 300 percent.

The American Alliance of Hardwood Plywood formed in challenge of the antidumping petition. The AAHP says the hardwood plywood product manufactured in China uses thinner veneer than that which is manufactured in the United States. (Posted 11-9-12)
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Comment:Chinese hardwood plywood antidumping has merit: ITC.(NEWS)
Publication:Wood & Wood Products
Geographic Code:9CHIN
Date:Dec 1, 2012
Words:222
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