Chinese tube makers find US DOC decision unjustified

10/06/2008 12:00 - 742 Views

It is reported that some Chinese steel makers may quit the United States market if they are slapped with anti dumping and anti subsidy duties following an investigation by the US Commerce Department.

China Daily reported Chinese companies and industry analysts claimed the outcome was unjust and evidence cited by the US unfounded. Mr Qu Xiangdong spokesman of the China Iron & Steel Association was quoted as saying that it was simply unfair because the government did not subsidize steel enterprises.

The department said two Chinese manufacturers, Shuangjie Group and Jiangsu Yulong Steel Pipe Company, which withdrew from the US investigation, received an 85.55% anti dumping rate. The former faces an additional proposed countervailing duty of 615.92% one of the highest penalties imposed on Chinese products.

The US Commerce Department announced findings on May 30th 2008 that Chinese exporters sold standard pipe subsidized by the Chinese government to the country at less than normal value. The final determinant rests with the International Trade Commission which will make its decision around July 14th 2008.

June 06, 2008

Source: steelguru.com