The US has determined that imports of fine denier polyester staple fiber from China and India were unfairly subsidized by their respective governments, the Department of Commerce said Wednesday.
For the Chinese material, the US DOC calculated subsidy rates of 38% for Jiangyin Hailun Chemical Fiber, 47.57% for Jiangyin Huahong Chemical Fiber and 42.79% for all other Chinese producers and exporters.
For India, subsidy rates were calculated at 13.38% for Bombay Dyeing, 27.36% for Reliance Industries, and 24.8% for all other Indian producers and exporters.
"As a result of the final affirmative determinations, [the Department of] Commerce will instruct US Customs and Border Protection to require cash deposits based on these final rates," the DOC said.
Following the DOC's findings, the International Trade Commission is scheduled to make its final determinations on or before March 2, the DOC said.
If the ITC findings are positive, the DOC will issue a countervailing duty order on March 9.
In 2016, China exported 73,598 mt of fine denier polyester staple fiber to the US while India sent 12,369 mt. The import value was calculated at $79.4 million for China and $14.7 million for India, according to official data.
