Bad news for Indian, Chinese polyester makers: US imposes anti-dumping duty

RIL is the largest producer of polyester fibre and yarn in the world, with a capacity of 2.5 million tonnes per annum more than half of almost half of India's overall capacity of 4.5 MT

On Wednesday, the United States announced an anti-dumping duty on fine denier polyester staple fiber imports from China and India. Reliance Industries is one of the main polyester exporters from India to the US. “US Secretary of Commerce Wilbur Ross announced the affirmative final determinations in the countervailing duty (CVD) investigations of fine denier polyester staple fibre from the People’s Republic of China (China) and India, finding that exporters from China and India received countervailable subsidies of 41.73 to 47.55 percent and 9.50 to 25.28 percent, respectively,” US Department of Commerce said in its statement. 

According to a factsheet shared by