Calgon Carbon Corporation (NYSE: CCC) reported that the U.S. International Trade Commission (ITC) announced today that the antidumping order on imports of steam activated carbon imported into the U.S. from China will remain in effect for at least five years.
Importers of Chinese activated carbon will be required to make cash deposits of estimated antidumping tariffs when the carbon enters the U.S. Tariff rates will be determined annually by the U.S. Department of Commerce (DOC). At the end of the five-year period, the DOC and ITC will conduct a second “sunset” review to determine if the antidumping order should be continued.
The current average tariff rate which, was announced by the DOC in November of 2012, is $0.47 per pound and will remain in effect until November 2013. Calgon Carbon’s tariff on activated carbon imported into the U.S. from China is currently $0.00.
Randy Dearth, Calgon Carbon’s president and chief executive officer, commented, “We are very pleased with the ITC’s decision, and are optimistic that during the next five years the antidumping order on Chinese activated carbon will encourage fair market pricing that reflects demand and manufacturing costs for activated carbon produced in the U.S.”