Iron and iron alloy enterprises in China from the U.S. "double reverse" enquiry

By Professional editor working for himfr.

Steel charges in China from the U.S. "double reverse" review, trade items of 20 billion oil pipe blocked.

April 16, China Steel Structure Association, the Secretary-General glided to a local bureau pipe Huangshi, Hubei Province, supplemented by Tianjin Pipe Group's major leadership. They have, Baosteel, Panzhihua Iron and Steel, Anshan Iron and Steel and more other enterprise managers in addition have arrived at the Yellowstone.

The intent of their visit is a total enterprise of evaluates to deal with the United States the "double reverse" lawsuit.

April 8, seven U.S. oil pipe manufacturing enterprises steel workers union and the United States on China's exports to the United States oil pipe (OCTG) to the U.S. Department of Commerce and U.S. International Trade Commission (ITC) against "anti-dumping" and "countervailing" litigation. Proceedings up to the amount of 2.7 billion U.S. dollars. This reporter has learned that the U.S. International Trade Commission on April 8 in the day, immediately launched a "double reverse" survey, the agency has set up a 6-member team, including executives, economists, accounting and so on.

If the record productively, it will be the United States since 2006, started the first of China's 14 "double-anti-" The study, which is "Obama" after the Government first took bureau in mainland China for the "double reverse" complaints.

Emergency answer

"This very distinctly is trade protection." Kong ling-ming said, "We are geared up to direct enterprises to energetically replying to the prevailing configuration of the enterprises are, will be turned over to the Ministry of Commerce recently."

April 17 Xinye in Hubei Iron and Steel Group at the "Encounter" by the China Iron and Steel Industry Association, and participants with the case is one of 14 representatives of the Chinese iron and steel enterprises.

Despite including Baosteel, Anshan Iron and Steel, Panzhihua Steel and Tianjin Pipe Group and other representatives of large steel enterprises, but in fact, with the "double reverse" case of the enterprises involved in iron and steel enterprises to small and medium-sized exporters. "To the participants to discuss measures the size of 14 enterprises are relatively large, in the United States exports a large quantity of business. The case involves the fact Chinese enterprises reached 212 iron and steel enterprises." Import and export of China Steel Industry Association of one who revealed to reporters.

Ministry of Commerce of China furthermore attaches large significance to start an enquiry in the United States after the first time the Ministry of Commerce handed out a answer to the incident. "First quarter of this year, China's metal and iron alloy goods trade items somewhat large fall in rate of trade items capacity down 55%, metal and iron alloy enterprises have came across more difficulties. In this context, the U.S. commerce accusations apply, it should be said out of date. "YAO Jian, representative of the Ministry of Commerce said," We will extend to pay vigilance to 'dual' of the advancement of the case and take befitting activity in response. "

Baoshan Iron and Steel Group of the Ministry of Justice said they had obtained the U.S. government dispatched the questionnaire.

It is reported that, ITC will be May 26 before the end of the preliminary investigation and on June 2 announced the results of the preliminary investigation.

Regret and worry

"For the United States' dual 'investigation, we have expressed regret, but also were under immense pressure, which will undoubtedly be adding enterprises." Tianjin Pipe Group Marketing liu jian said.

China's steel exports to the United States is the main varieties of steel. 2008, China's oil product pipe exports to the United States has reached about 3.2 billion U.S. dollars, equivalent to more than 200 billion yuan. And steel exports to the United States, more than half of all steel products. U.S. companies that the average dumping margins as high as 80.72%. Reporter from the China Iron and Steel Association's website that the U.S. steel market demand of about five million tons, China's steel mills accounted for about 2.2 million tons, valued at an estimated 2.7 billion U.S. dollars.

However, in liu jian, the United States against Chinese hard metal enterprises enterprises the "double reverse" the grievance because the United States goods produced of oil pipe yield to look after their in the household market "under the pretext of" it. According to him, the subject of hard metal deals from China is that the alive of ranking and deliverance lag interval, often when the market demand of the wares set to in a small number months after that, then the market has dropped.

"The U.S. hard metal development in the fiscal critical purpose, the U.S. oil and gas drilling pursuit has been in the doldrums, the U.S. hard metal goods produced enterprises a many deal of inventory, notably lessened the demand, which makes many of the U.S. hard metal development faces difficulties." Kong ling ming advised reporters said that the United States over the past 9 months a large number of deals from China have become the new oil pipe store, which is the United States hard metal financial gatherings filed the direct source of complaint.

In fact, since the second half of 2008 the international economic situation to deteriorate, iron and steel exports to China has shown a rapid decline. Customs data show that in January 2009, China exported 1.91 million tons of steel, a record 35 months since the low volume of China's steel exports, fell more than 50.

China Iron and Steel Association said previous that the applicable persons, "China's iron alloy trade items this year, very grave situation." Decline in international iron alloy demand as well as the cost of RMB admiration on China's iron alloy trade items to boost the influence of the great. Some enterprises trade items to none for some months.

Well-known professionals in the metal and iron alloy xu xiang chun said that, one time lost in China, China's iron alloy will be to enforce high anti-dumping obligations, the cost benefit will stop to live, that fundamentally means that the Chinese iron alloy market will have to remove from the United States.

"20 billion yuan iron alloy trade items impeded, it can be said is a large-scale scale." Kong lin ming said with emotion.

The "double reverse" Obama is the enquiry since he took agency, the U.S. government commenced China's first "double reverse" survey. "The fast start, displays that the Democratic Party after the ruling hard-line trade policy." I do not desire to be entitled, the long-term study of Sino-US trade relatives professional, notified reporters.

Prior to that, Obama has been the Government to other exchanging partners, started the two "double reverse" examination, respectively, for Indonesia and China Taiwan retail woven cloth bag, Argentina and South Korea's anti-nickel Pistons, while China's hard metal development for the "double reverse" Obama has been examining the Government's third move. "This year's anti-dumping, countervailing the prosecution will be highly advanced over earlier years." The skilled population said.

Xu xiang chun believe that with the shrinking of the global steel market, will increase the number of similar problems. China must learn to use international trade regulations, protection of China's own interests. At present, private sector small and medium-sized oil pipe mostly decentralized production capacity, we must work together to form a response to the lawsuit. - 18299

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