China extends anti-dumping duties on caprolactam imports from EU, U.S.
China imposed anti-dumping duties on caprolactam in 2011 on the grounds that the products were being dumped on the Chinese market at below market prices.
The latest decision follows a review that found the domestic industry would be harmed if anti-dumping duties were discontinued.
The MOC said China will continue to collect anti-dumping duties on such imports in accordance to the rates set in 2011.
According to a previous MOC statement, DSM Fibre Intermediates and six other European companies were subject to anti-dumping duties of between 2.3 and 4.9 percent, while rates for other EU companies were set at 25.5 percent.
As for U.S. caprolactam, DSM Chemicals North America, Honeywell Resins & Chemicals and the BASF Corporation will face an anti-dumping tax of 2.2 percent, 3.6 percent and 2.5 percent, respectively.
All other U.S. companies will be levied a uniform anti-dumping tax of 24.2 percent. ■