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Tuesday, April 28, 2009

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

By Zou 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 took air journey to a agency pipe Huangshi, Hubei Province, escorted by Tianjin Pipe Group's older leadership. They have, Baosteel, Panzhihua Iron and Steel, Anshan Iron and Steel and numerous other enterprise bosses furthermore have come to 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 constructing enterprises iron alloy employees amalgamation and the United States on China's trade items 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 allowance of 2.7 billion U.S. dollars. This reporter has wise that the U.S. International Trade Commission on April 8 in the day, directly commenced a "double reverse" review, the bureau has set up a 6-member group, encompassing bosses, economists, accounting and so on.

If the file successfully, it will be the United States since 2006, launched the first of China's 14 "double-anti-" The survey, which is "Obama" after the Government first took office 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 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 in addition attaches many value to begin an examination in the United States after the first time the Ministry of Commerce distributed a reply to the incident. "First quarter of this year, China's steel and hard metal yield trade overseas quite large decline in rate of trade overseas size down 55%, steel and hard metal enterprises have ran into more difficulties. In this context, the U.S. development grievances request, it should be said out of date. "YAO Jian, spokesperson of the Ministry of Commerce said," We will carry on to pay alertness to 'dual' of the improvement of the case and take advantageous achievement in response. "

Baoshan Iron and Steel Group of the Ministry of Justice said they had accepted the U.S. government conveyed 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 concern

"For the United States' dual 'investigation, we have conveyed lament, but furthermore were under immense force, which will undoubtedly be supplementing 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 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 detail, since the second half of 2008 the worldwide financial position to worsen, metal and iron alloy trade items to China has shown a fast decline. Customs facts and numbers display that in January 2009, China exported 1.91 million tons of iron alloy, a record 35 months since the reduced capacity of China's iron alloy trade items, dropped 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 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 trading partners, launched the two "double reverse" investigation, respectively, for Indonesia and China Taiwan retail cloth bag, Argentina and South Korea's anti-nickel Pistons, while China's steel industry for the "double reverse" Obama has been investigating the Government's third move. "This year's anti-dumping, countervailing the prosecution will be greatly increased over previous years." The experts 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. - 21392

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