USA will impose tariffs on Coated Paper from China, Indonesia, and Korea for Counter Vailing Duties (CVD). These duties will take effect immediately. This tariff affects coated free sheet grades only. The duties are set at 10-20% but could rise higher.
The level of imports into USA was 6.2% of Coated Free Sheet consumption in 2006 and were expected to rise in 2007. This is also positive for producers of uncoated producers such as Domtar and International Paper, since some coated producers running UFS should swing back to coated.
Current tariff for respective mills are as follows.
CHINA
Gold East 20.35%
Chenming 10.90%
All others 18.16%
INDONESIA
TK and PD 21.24%
all others 21.24%
KOREA
EN Paper 0.08%
Hansol 1.76%
Keysong 0.59%
Moorim 0.04%
all others 1.76%
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