USITC votes to continue investigation on impact of HFC blends and components from China on American market
In a statement, it said: “The United States International Trade Commission (USITC) has determined that there is a reasonable indication that a U.S. industry is materially injured by reason of imports of HFC blends and components from China that are allegedly sold in the United States at less than fair value.
All six Commissioners voted in the affirmative.
As a result of the Commission’s affirmative determination, the U.S. Department of Commerce will continue to conduct its investigation on imports of these products from China, with its preliminary antidumping duty determination due on or about December 2, 2015.
The Commission’s public report Hydrofluorocarbon Blends and Components from China (Investigation No. 731-TA-1279 (Preliminary), USITC Publication 4558, August 2015) will contain the views of the Commission and information developed during the investigation.”
The report will be available after September 8, 2015. After that date, it may be accessed on the USITC website at:http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp
The American Hydrofluorocarbon Coalition and its members previously filed an antidumping duty petition charging that unfairly traded imports of certain HFC blends and components from China are causing material injury to the U.S. domestic fluoro-chemicals industry.
The petition was filed concurrently with the United States Department of Commerce (“Commerce Department”) and the United States International Trade Commission (“USITC”). The American HFC Coalition alleges dumping margins for the various hydrofluorocarbon blends and components ranging from 100 percent to over 300 percent.
The petition is being filed in response to large and increasing volumes of low-priced imports from China. Imports from China have increased by 60 percent from 2012 to 2014, and continue to steadily increase. As a result, U.S. manufacturers are losing market share and prices are rapidly falling.
Low-priced imports from China have been and continue to capture increasing shares of the U.S. market at the direct expense of the U.S. industry.
The petition seeks the imposition of antidumping duties to level the playing field. The action is expected to take 9-13 months to complete, with a preliminary determination imposing antidumping duty deposits within approximately 6 months.
The American HFC Coalition believes this action is essential to improving the economics of the U.S. industry and to allow for future reinvestment and growth. The Coalition has retained the law firm of Cassidy Levy Kent (USA) LLP to represent the U.S. industry before the Commerce Department and the USITC.