The US Department of Commerce has made a preliminary determination in its anti-dumping investigation of plywood manufactured in China and imported into the United States. Just over 100 Chinese manufacturers responded to inquiries from the US Department of Commerce and received a "cooperative" rate of 22% duty; whereas, Chinese companies that did not respond to the inquiry received a penalty rate of 63%. No doubt that this announcement will add further uncertainty to the imported plywood market.
Here's an article from the IWPA with more details.
International Wood Products Association: PressRelease_ITC-IWPA
No comments:
Post a Comment