Thursday, June 6, 2013

US Department of Commerce Sets Duty at 63% for Chinese Plywood

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