WASHINGTON, June 25, 2015 /PRNewswire/ -- The American Hydrofluorocarbon ("HFC") Coalition and its members today filed an antidumping duty petition charging that unfairly traded imports of certain HFC blends and components from China are causing material injury to the U.S. domestic fluoro-chemicals industry. The petition was filed concurrently with the United States Department of Commerce ("Commerce Department") and the United States International Trade Commission ("USITC"). The American HFC Coalition alleges dumping margins for the various hydrofluorocarbon blends and components ranging from 100 percent to over 300 percent.
The HFC blends are used in air-conditioning and refrigeration. The petition is being filed in response to large and increasing volumes of low-priced imports from China. Imports from China have increased by an astonishing 60 percent from 2012 to 2014, and continue to steadily increase. As a result, U.S. manufacturers are losing market share and prices are rapidly falling.
Chinese producers have injured the U.S. industry by selling the refrigerants at unfairly low prices that consistently undercut the prices of the U.S. producers. This has had a direct negative impact on U.S. producer revenues and profitability. Low-priced imports from China have been and continue to capture increasing shares of the U.S. market at the direct expense of the U.S. industry.
The petition seeks the imposition of antidumping duties to level the playing field. The action is expected to take 9-13 months to complete, with a preliminary determination imposing antidumping duty deposits within approximately 6 months.
The American HFC Coalition believes this action is essential to improving the economics of the U.S. industry and to allow for future reinvestment and growth. The Coalition has retained the law firm of Cassidy Levy Kent (USA) LLP to represent the U.S. industry before the Commerce Department and the USITC.
SOURCE The American Hydrofluorocarbon Coalition