IPW Industry News & Alerts
Dept of Commerce Denies China Paper Investigation
9/3/10 - The U.S. Commerce Department has denied launching an investigation into unfair subsidies on Chinese coated paper imports to the United States, to the disappointment of U.S. papermakers. In a release this week, the Commerce Department's International Trade Administration said that allegations of China undervaluing its currency in order to manipulate paper prices do not meet the standards for an investigation. The preliminary decision is in response to a petition filed by U.S. paper companies -- NewPage Corp., Appleton Coated LLC and Sappi Fine Paper North America, which called for tariffs to prevent "dumping," or selling imported paper in the U.S. market for less than in its home country or less than the cost to manufacture it. According to the U.S. paper companies, the practice hurt the domestic coated-paper industry and resulted in lost jobs.