Investing.com - Financial Markets Worldwide
⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked stocksUnlock stocks

U.S. probe finds some Canadian paper imports subsidized, sets duties

Published 2015-07-28, 07:46 p/m
U.S. probe finds some Canadian paper imports subsidized, sets duties
UPM
-

WASHINGTON, July 28 (Reuters) - An investigation into
imports of supercalendered paper from Canada found on a
preliminary basis that producers and exporters there received
countervailable subsidies ranging from 2.04 percent to 20.33
percent, the U.S. Department of Commerce said on Tuesday.
As a result, Commerce will ask U.S. Customs and Border
Protection to require cash deposits as countervailing duties
from Canadian exporters based on the preliminary rates.
Supercalendered paper is uncoated printing paper used to
produce such materials as magazines, catalogs, corporate
brochures, flyers and directories.
Commerce said it found preliminary subsidy rates of 20.33
percent for Port Hawkesbury Paper LP and 2.04 percent for
Resolute FP Canada Inc, with all other producers and exporters
in Canada assigned a rate of 11.19 percent.
The probe, announced in March, was sparked by complaints
from an industry group consisting of Madison Paper Industries of
Maine, owned by Finland's UPM-Kymmene Corp UPM1V.HE , and Verso
Corp VRS.N of Ohio, and was backed by unions. ID:nL2N0WL2RD
Commerce said in 2014 that imports of supercalendered paper
from Canada were valued at an estimated $868.4 million.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.