This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cabot Corp. Reports Results Of U.S. Department Of Commerce Review Of Antidumping Order On Steam Activated Carbon From China

Cabot Corporation (NYSE: CBT) reported that the U.S. Department of Commerce (DOC) announced the final margins calculated in regard to the fifth annual administrative review of the antidumping duty order on imports of steam activated carbon from the People’s Republic of China.

Cabot is pleased with the final margins calculated by the DOC as they will help ensure fair pricing for imports of activated carbon from China. As a result of the DOC’s findings, importers of steam activated carbon from China will be required to make cash deposits of estimated antidumping tariffs when the activated carbon enters the U.S. Final antidumping margins in connection with this review vary depending on manufacturer and range from $0.03/kg up to $2.42/kg. These margins apply to imports of Chinese activated carbon that entered the United States between April 1, 2011 and March 31, 2012, and will set the cash deposit rate for future imports.

“The final results of the Commerce Department’s administrative review make clear that Chinese producers of steam activated carbon are continuing to sell their products at unfair prices in the United States. The antidumping order, however, is working to level the playing field in the U.S. activated carbon market by assessing a duty that will help ensure those products are fairly traded,” said Friedrich von Gottberg, president, Cabot Purification Solutions Segment. “The antidumping duty order against steam activated carbon from China further promotes fair competition and helps Cabot Norit Activated Carbon continue to provide our customers high-quality products and an unmatched level of supply assurance from our three North American manufacturing facilities.”

The antidumping order went into effect on April 27, 2007, and was extended in early 2013 for an additional five years in connection with a sunset review proceeding. As a result, the order will remain in place until at least 2017, when a second sunset review proceeding will be undertaken.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs