News24

China dumping solar cells - US

2012-05-18 09:28

Washington - The US ruled on Thursday that China is dumping solar cells into its market at large margins, setting the stage for likely hefty anti-dumping duties on imports from China.

In a move likely to step up trade tensions between the world's two largest economies, the Commerce Department said it had found that Chinese solar cell producers and exporters had been selling solar cells into the US at dumping margins ranging from 31% to 250%.

It named Suntech Power, the world's largest maker of solar cells, and another large producer, Trina Solar, and their subsidiaries as key offenders, but said at least 59 other companies would also be hit with anti-dumping duties.

The ruling, a preliminary decision to be confirmed by the department by October, follows a March ruling that said China was unfairly subsidising solar cell exports and set preliminary countervailing duties of 2.9% to 4.7%.

Comments
  • Fidel - 2012-05-18 11:01

    The Free market disciples do no like it when the market moves in the opposite direction!

  • ludlowdj - 2012-05-18 14:27

    Strange how the same governments that are pushing for us to reduce emissions and reduce "climate change" are the same ones that refuse to allow cheap solutions across their borders, Locally I was quoted R20 000 per solar panel (standard high light unit) if I want to get off the grid and tell government what it can do with its Eskom! Suntech Power co-incidentally quoted me R5000.00 per unit for low light panels including all import costs. Obviously the truth is that government are happy to force you to "conserve" as long as it doesn't effect their own bottom line. While local suppliers overcharge by massive margins. China has already indicated that they will stop solar panel production completely as the profit margins are so low, this means that production costs in the rest of the world are profit driven as normal.

      Antin - 2012-05-18 16:15

      R5000.00 per unit? Sounds good. What rating per unit?

  • Antin - 2012-05-18 16:02

    So when will the Chinese start their dumping on the SA market? That I want to hear!

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