China Imposes Duties on Polysilicon From U.S., South Korea
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China, the world’s biggest solar-module maker, plans to impose tariffs of as much as 57 percent on polysilicon shipped from the U.S. and South Korea, saying it wants to stop the product from being sold below cost.
The U.S. units of Renewable Energy Corp ASA are among companies to receive the highest rate of tariff and South Korea’s OCI Co. will have the lowest at 2.4 percent, according to a statement on the Chinese commerce ministry website yesterday. Importers of the raw material to make solar panels must pay the duties beginning July 24.