Calgon Carbon Corporation reported that the US International Trade Commission (ITC) has announced that the antidumping order on imports of steam activated carbon imported into the US 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 US. Tariff rates will be determined annually by the US 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 US from China is currently $0.00.
Randy Dearth, Calgon Carbon's president and chief executive officer, said: "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 US."
Calgon Carbon Corporation, headquartered in Pittsburgh, Pennsylvania, is a global leader in services and solutions for making water and air safer and cleaner.