U.s. Stainless Steel Imports From China Will Levy Punitive Tariffs On Welded Pipe

Just passed the "buy American" provisions and other countries to limit Chinese steel

exports to the U.S., the United States on China's steel exports anti-dumping countervailing wielded a big stick. Reporters yesterday that the United States International Trade Commission voted to local time Thursday on imports from China stainless steel welded pipe high-pressure anti-dumping and countervailing duties, that these products harm the interest of U.S. manufacturers.

This U.S. Department of Commerce on the tube, clearing the way tariffs. According to the U.S. program, only the United States International Trade Commission ruled affirmative, the Commerce Department before it is sent to the trading of related products countervailing and anti-dumping duties imposed directives. U.S. Commerce Department decided last month, will the steel by 10.5% ~ 55.2% levy anti-dumping duty and 1.1% ~ 299.2% of the countervailing duty.

Industry is expected, due to the weak economy and foreign trade barriers set up, China's steel exports this year will be even more difficult.

The United States, following Korea, the European Union, the country's third largest steel products exporter, while China's exports of steel products, mainly to steel products.

This is not the first time U.S. exports of steel products in China to make anti-dumping countervailing sanctions. China's WTO Research Association, Zhou told reporters: Foreign holdings of countervailing "evidence", the main export products of China's export tax rebate on the RMB exchange rate issue and the local government to encourage subsidies. But in fact, the Chinese export tax rebates on exports is in line with international trade theory, and must not be subsidized. And domestic Steel Enterprises are in accordance with the market economy "through self" in operation. United States should not take on the "three-capital enterprises" standards to state-owned enterprises, if the state funding to the private steel companies, it be called subsidies.

"Moreover, under international trade rules, nor should a country with the same commodities in the double (anti-dumping anti-subsidy) investigation." Zhou pointed out.

According to report, after the Chinese government has drawn on the U.S. trade sanctions against the World Trade Organization (WTO) to rule. Apart from U.S., EU and Australia in recent months, China's steel exports have started anti-dumping anti-subsidy-related investigations.

In fact, since last year, a continuous adjustment of China's steel export tax, as well as the impact of the weak international economy, the momentum of the domestic steel export has been inhibited, steel exports decreased month by month, January exports hit a record low and even.

"My iron and steel" the source told reporters Liu analyst expects the pressure on China's steel exports will significantly increase over last year, in addition to weak demand, foreign trade protection, exchange rates and other unfavorable factors will increasingly domestic steel more difficult to export.

China Steel Industry Association, Qi Xiangdong, Deputy Secretary-General is suggested that the current GDP of emerging market economies accounted for 50% of global trade accounted for 40%. In recent years China and the Middle East to Southeast Asia, a substantial increase in exports, also shows strong demand in emerging markets. Therefore, in order to avoid the United States, Europe and other major steel importing country's trade barriers to our steel exports measures, China's steel exports should be implemented in future diversity, to diversify exports.

based journalists to obtain the steel industry restructuring and revitalization plan in detail, and steel exports a clear plan, in principle, by accelerating the introduction of products to improve some of the high value-added export tax rebate policy and the establishment of overseas marketing networks etc. "guarantee" of foreign markets and emerging markets. Planning that is necessary to actively organize associations and enterprises to deal with anti-dumping, countervailing and other trade friction for good international trade environment to ensure the maintenance of direct exports and indirect exports of steel production in more than 15% of the total.

U.s. Stainless Steel Imports From China Will Levy Punitive Tariffs On Welded Pipe

By: yaya

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