Iron and hard metal enterprises in China from the U.S. “double reverse” examination
Steel prices in China from the U.S. “double reverse” survey, exports of 20 billion oil pipe blocked.
April 16, China Steel Structure Association, the Secretary-General flew to a branch pipe Huangshi, Hubei Province, accompanied by Tianjin Pipe Group’s senior leadership. They have, Baosteel, Panzhihua Iron and Steel, Anshan Iron and Steel and many other business executives also have reached the Yellowstone.
The reason of their journey is a total enterprise of assesses to deal with the United States the “double reverse” lawsuit.
April 8, seven U.S. oil pipe fabricating enterprises hard metal staff merger and the United States on China’s trade overseas 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 allotment of 2.7 billion U.S. dollars. This reporter has educated that the U.S. International Trade Commission on April 8 in the day, straight away started a “double reverse” study, the instrumentality has set up a 6-member assembly, embracing managers, economists, accounting and so on.
If the document effectively, it will be the United States since 2006, commenced the first of China’s 14 “double-anti-” The review, which is “Obama” after the Government first took agency in mainland China for the “double reverse” complaints.
Emergency reply
“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 steel and hard metal enterprises.
Despite encompassing Baosteel, Anshan Iron and Steel, Panzhihua Steel and Tianjin Pipe Group and other representatives of large iron alloy enterprises, but in detail, with the “double reverse” case of the enterprises engaged in metal and iron alloy enterprises to little and medium-sized exporters. “To the participants to talk about assesses the dimensions of 14 enterprises are somewhat large, in the United States trade items a large amount of business. The case engages the detail Chinese enterprises come to 212 metal and iron alloy enterprises.” Import and trade items of China Steel Industry Association of one who disclosed 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 described that, ITC will be May 26 before the end of the initial enquiry and on June 2 broadcast the outcomes of the initial investigation.
Regret and anxiety
“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 hard metal trade overseas to the United States is the principle kinds of steel. 2008, China’s oil wares pipe trade overseas to the United States has arrived at about 3.2 billion U.S. dollars, same to more than 200 billion yuan. And hard metal trade overseas to the United States, more than half of all hard metal products. U.S. financial gatherings that the midpoint disposing margins as high as 80.72%. Reporter from the China Iron and Steel Association’s website that the U.S. hard metal market demand of about five million tons, China’s hard metal mills accounted for about 2.2 million tons, prized at an assessed 2.7 billion U.S. dollars.
However, in liu jian, the United States against Chinese iron alloy enterprises enterprises the “double reverse” the accusation because the United States output of oil pipe goods to defend their household market “under the pretext of” it. According to him, the topic of iron alloy trades from China is that the reality of organising and consignment lag time span, often when the market demand of the items set to in a couple of months after that, then the market has dropped.
“The U.S. iron alloy commerce in the economic urgent position, the U.S. oil and gas drilling undertaking has been in the doldrums, the U.S. iron alloy output enterprises a large deal of inventory, considerably decreased the demand, which makes many of the U.S. iron alloy commerce faces difficulties.” Kong ling ming notified reporters said that the United States over the past 9 months a large number of trades from China have become the new oil pipe supply, which is the United States iron alloy businesses filed the direct origin 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 earlier that the relevant people, “China’s steel exports this year, very serious situation.” Decline in global steel demand as well as the cost of RMB appreciation on China’s steel exports to increase the impact of the great. Some enterprises exports to zero for several months.
Well-known skilled population in the steel and hard metal xu xiang chun said that, one time lost in China, China’s hard metal will be to inflict high anti-dumping responsibilities, the charge superiority will finish to survive, that rudimentally means that the Chinese hard metal market will have to extract from the United States.
“20 billion yuan hard metal trade overseas obstructed, it can be said is a very large scale.” Kong lin ming said with emotion.
The “double reverse” Obama is the investigation since he took office, the U.S. government launched China’s first “double reverse” survey. “The rapid start, shows that the Democratic Party after the ruling hard-line trade policy.” I do not want to be named, the long-term study of Sino-US trade relations expert, told 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 trust that with the shrinking of the worldwide hard metal market, will advance the number of comparable problems. China ought study to use global trade controls, security of China’s own interests. At present, confidential subdivision tiny and medium-sized oil pipe mostly decentralized goods produced scope for, we ought work concurrently to configuration a reply to the lawsuit.
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