Paslode not guilty of dumping Chinese fasteners

By unknown , 2008-08-15 12:00:00

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The U.S. Dept. of Commerce exonerated Paslode of dumping Chinese-made steel fasteners on the United States market, finding that the pneumatic and cordless fastening products manufacturer did not inflate its prices at all.

The federal Commerce Dept. imposed duties on steel nail imports from China and the United Arab Emirates in January after finding that some manufacturers and exporters in those countries sold nails in the United States at prices below fair market value.

But in its most recent finding, which indicated that some Chinese imports were priced as much as 118 percent higher than market value, the agency said Vernon Hills, Ill.-based Paslode did not inflate its prices for Chinese steel nail imports at all. That means the Illinois Tool Works subsidiary will no longer be required to pay the increased duties for importing bright framing nails, galvanized bulk nails, paper collated nails, plastic collated nails and coil nails (excluding roofing nails) from its Shanghai affiliate.

On June 9, the Department of Commerce announced its affirmative final determination in the antidumping duty (AD) investigation of imports of steel nails from the People's Republic of China. Final dumping margins:

country	producer	export	Margin (%)
China	Paslode Fasteners (Shanghai) Co., Ltd.	Paslode Fasteners (Shanghai) Co., Ltd.	0.00
	Xingya Group: Suzhou Xingya Nail Co., Ltd. Senco-Xingya Metal Products(Taicang) Co., Ltd. Hong Kong Yu Xi Co., Ltd.	Suzhou Xingya Nail Co., Ltd.	21.24
		Senco-Xingya Metal Products(Taicang) Co., Ltd.
		Wuxi Chengye Metal Products Co., Ltd.
	Separate-Rate Respondents		21.24
	China-Wide Entity		118.04
UAE	Dubai Wire FZE/Global Fasteners Ltd.		0.00
	All Others		0.00

You can get more detailed information at: http://www.inddist.com/article/CA6587595.html?q=fastener

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