While we wait for news on coated free sheet duties, trade relations between the U.S. and China are deteriorating. See the passages that follow and the articles available for you. First, the U.S. imposes new tariffs. Full story here.
The US Department of Commerce imposed tariffs on oil country tubular goods (OCTG) imported from China after determining they were being sold in the US at margins ranging from 29.94% to 99.14%. ..A second antidumping petition involving Chinese drillpipe imports is still pending before the ITC, noted Brian T. Petty, executive vice-president for government affairs at the International Association of Drilling Contractors.
The oil and natural gas drilling companies are none too happy.
Appleton Coated, NewPage, Sappi, and the United Steelworkers (USW) received the good news from the commerce department late yesterday. The full press release is helpful and available here at, News Release – 030210 – Trade Case FINAL . In summary… Continue Reading
The coated paper trade dispute was the subject of our lead report in the December Reel Time. This post provides a brief update. As we followed this story last fall, press releases indicated that countervailing duties/tariffs and anti-dumping duties would begin to be collected from Chinese and Indonesian exporters to the U.S. (of coated paper grades in question) immediately after the ITC found in favor of the petitioners. This favorable ruling took place on November the 6th. However, there has been no confirmation of duties being collected in the trade news and it now appears that this will not occur until the Commerce Department weighs in on this issue. The verdicts of the Commerce Department were scheduled on December the 17th (countervailing duty) and early March (anti-dumping duty).
Maybe I was the last to know, but we have learned Continue Reading