Chinese pipe exporters to quit US market

04/06/2008 12:00 - 813 Views

It is reported that most Chinese pipe exporters have to give up the US market as US Department of Commerce announced to impose astonishing retaliatory duty.

DOC has decided to levy a 700% import duty on standard pipes from China including a record high 615% countervailing duty. China's Shuangjie Group got a CVD of 615.92% besides an anti dumping duty of 85.55%. DOC also announced to impose separate rates on other 31 Chinese exporters.

The International Trade Commission is scheduled to make its final injury determination on or about July 14th 2008. However, as the CVD is based on Chinese government, enterprises can hardly prepare any defense.

Mr Zhong Qing chief counsellor of Beijing WTO Affairs Center said CVD investigation mainly involves the government, including taxation, land use, infrastructure and so on and China is less experienced in this aspect,

US said it decided to impose the high duty because these companies withdrew their participation and did not cooperate to the best of their ability in these investigations. But most Chinese enterprises believe further responses would be of no avail, given the US unreasonableness.

June 03, 2008

Source: steelguru.com