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US recommends continuation of ADD on PSF import from Korea, Taiwan

06 Nov '23
2 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • The US has advised extending anti-dumping duties on low-melt PSF imports from South Korea and Taiwan.
  • The Enforcement and Compliance International Trade Administration made the recommendation after detailed sunset reviews.
  • US imported *.* million kg of PSF from South Korea and *.* million kg from Taiwan between January and August 2023.

Upon conducting a detailed review, the US agency concluded that the revocation of anti-dumping duty orders would likely lead to a continuation or recurrence of dumping. The magnitude of the dumping margins expected to prevail would be at a rate of up to **.** per cent for South Korea and up to **.** per cent for Taiwan. 

The US imported **.*** million kg of polyester staple fibre (HSN code ******) from South Korea between January and August ****. These imports were priced at an average of $** per kg, amounting to a total value of $***.*** million. In the previous year, the US had imported ***.*** million kg of PSF with a total value of $***.*** million and an average price of $*.** per kg, according to *f_homepage_tpblock&utm_medium=logo&utm_campaign=texpro_****" target="_blank">Fibre2Fashion&#**;s market insight tool TexPro. 

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