The United States Department of
Commerce recently awarded a victory to
Elkay
Manufacturing in its case against Chinese manufacturers alleging dumping of
drawn stainless steel sinks into the U.S. marketplace.
In an effort
to protect its 3,500 U.S. employees and the communities in which they work,
Elkay petitioned the
U.S. Department of Commerce to investigate whether Chinese
manufactured drawn stainless steel sinks were being sold at prices
significantly below fair market price. As a result of its investigation, the
U.S. Department of Commerce issued its preliminary determination that the
Chinese manufactured sinks were being dumped in violation of U.S. trade laws,
and instructed U.S. Customs to collect cash deposits ranging from 50.28 to
76.15 percent from importers of drawn stainless steel sinks.
In
addition to the anti-dumping ruling, the U.S. Department of Commerce also
issued a preliminary determination that subsidies provided by the Government of
China to Chinese manufacturers of drawn stainless steel sinks violate U.S.
trade laws. As a result, additional cash deposits ranging from 2.12 to 13.94
percent will also be collected from Chinese importers of drawn stainless steel
sinks.
Together,
the additional duties being collected on all drawn stainless steel sinks from
China, imported into the U.S. after October 1, 2012, range from 60 to 84
percent. While the findings are preliminary, with final determinations due in
early 2013, the imposition of significant additional duties in October is an
Elkay victory, protecting U.S. jobs.
“Elkay
is pleased that the U.S. Department of Commerce agreed that Chinese
manufacturers of drawn stainless steel sinks were in violation of U.S. trade
laws relating to anti-dumping policies and illegal government subsidies,” says
Timothy
Jahnke, CEO of Elkay.
Jahnke
continues, “We believe this ruling will help to protect Elkay employees, all
American sink manufacturers and the communities they support. Also, the subsidy
and anti-dumping tariffs imposed on Chinese manufacturers will enable U.S.
manufacturers to level the playing field, retain manufacturing jobs in the
U.S., and allow Elkay to continue to provide durable, high-quality sinks to
homeowners across the country.”
Source:
ElkayLinks
