|PRICE CHANGE ALERT!!! All customers please read!!|
PRICE CHANGE ALERT!!!
Dear Royal Plus Valued Customers,
In March 2012, ITC (International Trade Committee) initiated the investigation on antidumping and countervailing relating the imports of drawn stainless steel sinks from People's Republic of China. On September 28, 2012, the Department of Commerce announced its affirmative preliminary determination in the investigation. (Click to read the FACT SHEET)
From the decision details, China-wide dumping margins is determined at 76.53%, and the cash deposit duty rate is determined at 76.15%, which is almost a 70% increase from past import duty rates.
Although the final determination will be made in February 2013, a lot of US importers and companies have been posting pricing increase starting October, 2012.
Not knowing whether a retroactive rate will be imposed to the past shipments, Royal Plus USA Inc has made a decision to increase our regular stainless steel sink prices by 15%, effective Oct. 4th, 2012. Zero Radius handmade sinks prices remain unchanged unless announced otherwise.
Royal Plus customers with current price lists, please adjust your prices with 15% increase, or give us a call for an updated price list sent to you by email or fax.