U.S. Secretary of Commerce Wilbur Ross said on December 19 (local time) that he confirmed the fact that exporters sold their products at prices lower than fair values and made a preliminary determination to impose anti-dumping duties on their fine denier polyester staple fibers.
Specifically, the anti-dumping duties to be applied to Chinese companies range from 52.66% to 170.92%. The rate is up to 45.23% for South Korean companies, up to 48.86% for Taiwanese, and 0.66% to 15.66% for Indian.
Last year, South Korea exported fine denier polyester staple fibers worth a total of US$10.6 million to the United States. The amount was US$79.4 million, US$14.7 million, and US$9.6 million for China, India, and Taiwan, respectively.
The U.S. Department of Commerce is planning to make the final determination on March 5, 2018.