The U.S. Department of Commerce has decided to impose preliminary anti-dumping duties of up to 65.72 percent on certain chemical materials imported from South Korea. This ruling affects two Korean companies exporting monomers and oligomers to the United States. The investigation was initiated six months ago at the request of a U.S. chemical producer.
The U.S. Department of Commerce announced on Wednesday (U.S. time) its preliminary affirmative determination to impose anti-dumping duties ranging from 10.94 percent to 65.72 percent on monomers and oligomers imported from South Korea and Taiwan. This affects two Korean companies exporting these chemical materials to the United States, according to Seoul's Ministry of Trade, Industry and Resources.
The investigation began about six months ago, prompted by a request from a U.S. chemical producer. The preliminary margins mark a significant reduction from the 137 percent to 188 percent dumping margins initially alleged by the petitioner, the ministry noted. It plans to closely communicate with the affected companies to ensure fair treatment in the department's final ruling expected in May.
This development could impact South Korea's chemical exports, though the final outcome remains pending.
