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U.S. Department of Commerce Announces Antidumping Duty Rates on Steam Activated Carbon from ChinaLast update: 11/5/2009 3:34:00 PMWASHINGTON, Nov 05, 2009 /PRNewswire-USNewswire via COMTEX/ -- The U.S. Department of Commerce ("DOC") has informed the interested parties of the antidumping duty margins it calculated in the first annual administrative review of the antidumping duty order on steam activated carbon from the People's Republic of China. The specific margins calculated by the DOC are as follows: Calgon Carbon (Tianjin) Co., Ltd. - 14.58 percent Jacobi Carbons AB - 18.22 percent (includes: Tianjin Jacobi International Trading Co., Ltd. and Jacobi Carbons, Inc.) Ningxia Guanghua Cherishmet Activated Carbon Co., Ltd. - 18.40 percent (includes: Beijing Pacific Activated Carbon Products Co., Ltd. and Ningxia Guanghua Activated Carbon Company) Separate Rate Respondents - 16.40 percent (includes: Datong Municipal Yunguang Activated Carbon Co., Ltd.; Ningxia Huahui Activated Carbon Co., Ltd.; Ningxia Lingzhou Foreign Trade Co., Ltd.;Tangshan Solid Carbon Co., Ltd.; and Tianjin Maijin Industries Co., Ltd.) PRC-wide Rate - 228.11 percent (includes: Ningxia Minerals & Chemical Ltd.; Jilin Bright Future Chemicals Company, Ltd.; and Jilin Province Bright Future Industry & Commerce Co., Ltd.) These margins reflect the rates at which antidumping duties will be collected by U.S. Customs and Border Protection ("CBP") for shipments by the companies identified above that entered the United States between October 11, 2006 and March 31, 2008. These margins will also serve as the rates at which U.S. importers of steam activated carbon from the companies identified above will be required to deposit estimated antidumping duties with CBP at the time of entry. Within the next few weeks, the DOC will issue instructions directing CBP to collect antidumping duties at the specific rates calculated in the review. The Commerce Department is currently conducting a review of imports of steam activated carbon from China that entered the United States between April 1, 2008 and March 31, 2009. David A. Hartquist, lead counsel to the petitioners said, "The margins announced today by the Commerce Department reflect that the antidumping duty order on activated carbon from China is working." Mr. Hartquist explained. "After the order was published prices recovered to healthier levels. Because final margins are calculated after the imports enter the United States, as the prices of imports rose during the period reviewed, the calculated dumping margins fell. If Chinese prices again begin to decline, the margins are likely to increase ensuring that appropriate antidumping duties are assessed on imports that are sold at less than fair prices. Nevertheless, we expected the margins for this period to be significantly higher. We are examining the results to determine whether there are errors in the Commerce Department's calculations and whether petitioners should appeal this finding to the Court of International Trade." John Stanik, Calgon Carbon Corporation's chairman, president, and chief executive officer commented, "Calgon Carbon Corporation has benefited from the issuance of the antidumping duty order on steam activated carbon from China. The Commerce Department's administrative review system will ensure the continued effectiveness of the antidumping order and our company's continued ability to compete on a level playing field." Ron Thompson, the chief executive officer of Norit Americas Inc. added, "We have been pleased with the effectiveness of the antidumping duty order and expect to continue to benefit from it. The enforcement of this antidumping order has and will continue to play an important role in the domestic activated carbon industry's ability to supply our customers with products used in drinking water, wastewater, odor control, and pollution abatement systems."
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Anyone with any information as to why CCC is down so mu...
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spacecadet_... | Rate it | 4-Nov-09 03:55 pm | ||
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see my post in total bs ,conference call may make ...
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maloneksm | Rate it | 5-Nov-09 11:23 am | ||
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What conference call? Earnings were a week a...
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spacecadet_... | (1 Rating) | 5-Nov-09 11:33 am | ||
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I mis-read news ,sorry ,then I would se...
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maloneksm | Rate it | 5-Nov-09 11:44 am | ||
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Agreed on that. Question is whethe...
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spacecadet_... | Rate it | 5-Nov-09 11:51 am | ||
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Oh man, eheheh. This was funny to f...
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giedrushka3... | Rate it | 5-Nov-09 11:52 am | ||
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The ONLY news I could find was...
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whoaduuude2... | Rate it | 5-Nov-09 11:59 am | ||
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my previous post was spot...
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maloneksm | Rate it | 9-Nov-09 01:56 pm | ||
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I think that this stock is goi...
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freemnd | Rate it | 5-Nov-09 12:03 pm | ||
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2012 !!!!! ?????? 2012??...
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neveroldami | Rate it | 5-Nov-09 02:49 pm | ||
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Re: Why the drop
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