Iron and steel enterprises in China from the U.S. “double reverse” investigation
Steel costs in China from the U.S. "double reverse" study, trade overseas 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 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 response
"This apparently is trade protection." Kong ling-ming said, "We are prepared to coordinate enterprises to dynamically answering to the present pattern 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 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 received the U.S. government sent 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 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 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. 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 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 examination since he took bureau, the U.S. government started China's first "double reverse" survey. "The quick start, presentations that the Democratic Party after the ruling hard-line trade policy." I do not like to be labelled, the long-term study of Sino-US trade family highly talented, advised reporters.
Prior to that, Obama has been the Government to other swapping partners, commenced the two "double reverse" enquiry, respectively, for Indonesia and China Taiwan retail piece of cloth bag, Argentina and South Korea's anti-nickel Pistons, while China's iron alloy commerce for the "double reverse" Obama has been enquiring the Government's third move. "This year's anti-dumping, countervailing the prosecution will be substantially expanded over preceding years." The professionals 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.