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US ITC votes to continue with antidumping duty order on Chinese magnesium alloy
23/06/2016 12:00
The US International Trade Commission made a final determination Thursday that revoking the antidumping duty on magnesium alloy imports from China would likely to lead to a continuation or recurrence of material injury to the US industry.
The decision is the result of the latest five-year sunset review on an existing antidumping order, and ensures the duty order on magnesium alloy imports from China remains in place. The five-year reviews are required by the Uruguay Round Agreements Act, and this is the second review since the order was imposed.
Almost all imports of alloy magnesium from China would continue to be subject to a cash deposit rate of 141.49%, which is the "all others" rate.
Trading company TMI is currently subject to a zero deposit rate, but has not imported magnesium into the US for several years.
The US Department of Commerce retroactively determined that TMI dumped pure magnesium at rates of over 100% for three consecutive years in 2007-2009.
In Thursday's ITC vote, Chairman Meredith Broadbent and Commissioners Irving Williamson, David Johanson, Scott Kieff, and Rhonda Schmidtlein voted in the affirmative. Vice Chairman Dean Pinkert did not participate in this review.
The decision is the result of the latest five-year sunset review on an existing antidumping order, and ensures the duty order on magnesium alloy imports from China remains in place. The five-year reviews are required by the Uruguay Round Agreements Act, and this is the second review since the order was imposed.
Almost all imports of alloy magnesium from China would continue to be subject to a cash deposit rate of 141.49%, which is the "all others" rate.
Trading company TMI is currently subject to a zero deposit rate, but has not imported magnesium into the US for several years.
The US Department of Commerce retroactively determined that TMI dumped pure magnesium at rates of over 100% for three consecutive years in 2007-2009.
In Thursday's ITC vote, Chairman Meredith Broadbent and Commissioners Irving Williamson, David Johanson, Scott Kieff, and Rhonda Schmidtlein voted in the affirmative. Vice Chairman Dean Pinkert did not participate in this review.
Source: Platts.com
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