NEWS

The Canada Border Services Agency has announced that it will initiate an antidumping and countervailing duty investigation into decorative and other non-structural plywood imported from China. For years, China has sold large volumes of decorative plywood in Canada at low prices.

If the CBSA issues a positive final determination, provisional duties may be imposed. In exceptional circumstances, antidumping duties may be imposed retroactively to June 11.

The U.S. Department of Commerce has officially begun an investigation into whether imports of hardwood plywood finished in Vietnam, but with components supplied by China, circumvent current antidumping and countervailing duties on hardwood plywood imported from China. If Commerce determines that these imports fall within the scope of current duties or circumvent current duties, the U.S. will begin collecting cash deposits on future imports.

Decorative Hardwoods Association (formerly HPVA) eNews Volume XIII, Issue XI: China's Exports Of Plywood & Wood Furniture Plummet | U.S. Hardwood Flooring Imports: Winners & Losers | Chinese Flooring Giant Opens Headquarters In U.S. | U.S. Housing Sector Poised To Lead Economic Recovery

An auction of the Idaho Veneer Company's sawmill, veneer mill, rolling stock, and other buildings will be held June 17-24 in Post Falls, ID.

Resource:

http://murphyauction.com/Auction/Details/8244

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The latest housing indicators - with one key exception - are showing signs of stabilization after the two-month pause due to the pandemic. The housing sector is currently underbuilt, creating pent-up demand and sensitivity to low interest rates. This puts the housing sector in a good position to recover faster than other sectors of the economy.

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