US announces final antidumping and countervailing duty rates on quartz surface products from China

17/05/2019 12:00 - 587 Views

Family-Owned U.S. Producer Fights Back Against Surge of Unfairly Traded Imports from China

Minneapolis, MN, May 16, 2019 (GLOBE NEWSWIRE) -- Cambria, the leading producer of America-made natural quartz surfaces, announced today that the U.S. Department of Commerce (“Commerce”) has issued its final antidumping and countervailing duty rates for its investigations of Quartz Surface Products from China.

The final antidumping rates for imports of quartz slabs from China range from 265.81% to 336.69%.  In addition, the final countervailing duty rates for imports of quartz slabs from China range from 45.32% to 190.99%.  Together, these duties amount to at least 311.13%, and up to over 500%, for all imports of quartz surface products from China. The U.S. International Trade Commission’s final determination on injury will be announced on June 11, 2019.

Additionally, Commerce announced that the scope of the imports from China subject to the final duties include products allegedly made from glass. 

“These announcements by the U.S. Department of Commerce confirm once again that imported quartz products from China are illegally and unfairly traded.   They are dumped into our free market economy as the result of specific tactical subsidies provided by the government of China,” stated Marty Davis, President and CEO of Cambria.  “We thank the Commerce Department for its diligent work on these cases and for taking swift action to stop the illegal and unethical evasion tactics we saw in the market shortly after Commerce announced preliminary duties on quartz surface products from China.  Cambria, along with its competitors who trade fairly, will continue to work to ensure our free and fair market is protected from unfairly traded imports.”  

Given that Indian and Turkish producers swiftly took advantage of quartz importer/resellers’ desire for cheaply priced quartz after preliminary duties were imposed on unfairly traded imports from China last week, Cambria also petitioned the Commerce and the U.S. International Trade Commission to investigate unfairly traded products from India and Turkey. 

Those petitions demonstrate that Indian and Turkish producers have used dumping and foreign government subsidies to gain an unfair advantage in the U.S. market.  They allege dumping margins that average 344.11% for India and 89.38% for Turkey, revealing that prices are far below the fair value of quartz surface products.  If both agencies make affirmative determinations, preliminary relief from Indian and Turkish imports could be imposed in October 2019, with final duties imposed in June 2020.
 
May 16, 2019
Source: Yahoo Finance
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