U.S. Manufacturers File Anti-Dumping Petition, Citing Unfair Korean Competition

18/07/2011 12:00 - 390 Views

ABB Inc., Delta Star Inc. and Pennsylvania Transformer Technologies Inc. have jointly filed an anti-dumping duty petition with the U.S. Department of Commerce and U.S. International Trade Commission (USITC) alleging that "unfairly traded imports of large power transformers [LPTs] with a top rating of 60 MVA or more from Korea are causing material injury to the domestic industry."

The companies say imports from Korea accounted for 38% of all imports of LPTs by value in the U.S. market in 2010. The petition claims that Korean producers have expanded their share at the expense of U.S. producers by selling LPTs at prices that significantly undercut domestic market prices and, in some instances, U.S. producers' cost of materials.

As a result of this allegedly unfair competition, the domestic industry has suffered declines in production, sales and employment, and "has seen its profitability evaporate," the companies say.

The Commerce Department will determine whether to initiate the antidumping duty investigation within 20 days, and the USITC will reach a preliminary determination of material injury or threat of material injury within 45 days. The entire investigative process will take approximately one year, with final determinations of dumping and injury likely occurring in mid-2012.

Friday 15 July 2011
Source: Renewgridmag.com