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Hardwood plywood from China will get hit with preliminary dumping duties of up to 114.72 percent, the Commerce Department announced June 19.
As a result, U.S. Customs and Border Protection will collect cash deposits in the amount of the preliminary margins. Imports of hardwood plywood from China were valued at an estimated $1.12 billion in 2016, Commerce said.
Hardwood plywood is a flat panel assembly of two or more layers of wood veneers in combination with a core. Hardwood plywood is used for wall panels, kitchen cabinet components, seat backs, table and desk tops, furniture components, as well as the raw material for certain engineered (i.e., multilayered) wood flooring.
In the preliminary ruling, Commerce assigned Shandong Dongfang Bayley Wood Co. Ltd. a dumping margin of 114.72 percent. Commerce preliminarily found that Linyi Chengen Import and Export Co. Ltd did not dump hardwood plywood.
Commerce established a preliminary dumping margin of 57.36 percent for non-investigated companies that qualified for a separate rate and a preliminary dumping margin of 114.72 percent for all other producers/exporters in China.
The Coalition for Fair Trade in Hardwood Plywood and its individual members--Columbia Forest Products, Commonwealth Plywood Inc., Murphy Plywood, Roseburg Forest Products Co., States Industries, Inc. and Timber Products Co.--asked for the probe.
Commerce will now move to its final determination expected around Aug. 30. Duties will only be finalized if the International Trade Commission, which is conducting its own investigation, finds a causal link between dumping and material injury to the U.S. industry. The ITC determination is expected around Oct. 13.
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The Commerce fact sheet is available at http://src.bna.com/pZ3.
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