Polyester dumping hurts U.S. firm

ITC decision authorizes the continued collection of antidumping duties on imports from Taiwan and South Korea.    The International Trade Commission has determined that an industry in the U.S. is materially injured by imports of low-melt polyester staple fiber from South Korea and Taiwan, after the Commerce Department in June announced that such imports were being illegally dumped in the United States.
   Dumping occurs when a foreign company sells its products in the U.S. market at less than fair value.
   The ITC’s determination allows the Commerce Department to continue issuing its antidumping duty order on polyester staple fiber imports from Taiwan and South Korea.
   Commerce determined in June that South Korean exporter Toray Chemical Korea Inc. sold product in the U.S. at 16.27 percent less than fair value, determining a zero percent margin for Huvis Corp. and a dumping rate of 16.27 percent for all other South Korean producers and exporters.
   In Commerce’s Taiwan investigation, it calculated a dumping rate of 49.93 percent for Far Eastern New Century Corp. and decided on the same dumping rate for all other Taiwanese producers and exporters of low-melt polyester staple fiber.
   The ITC initiated the investigations on June 27, after Livingston, N.J.-based Nan Ya Plastics Corp. America petitioned for the duties with Commerce and the ITC.