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CISA unhappy over US move on AD on OCTG
10/05/2009 12:00
According to the China Iron & Steel Association pointed out that America was selling steels to China at unreasonably low prices.
China states that it is unfair as the US set higher barriers for Chinese steels especially oil pipes to get into American market. For example, it has started anti-dumping investigation on Chinese steels from more than 200 Chinese mills.
On the other hand, American mills are exporting large quantity steels to China with abnormal price levels. In fact, American steel industry is facing great threats because of economic recession and demand is predicted to decrease by 36.6%.
China believes that what America has done would further damage word financial development and they may take further actions to react to this.
China states that it is unfair as the US set higher barriers for Chinese steels especially oil pipes to get into American market. For example, it has started anti-dumping investigation on Chinese steels from more than 200 Chinese mills.
On the other hand, American mills are exporting large quantity steels to China with abnormal price levels. In fact, American steel industry is facing great threats because of economic recession and demand is predicted to decrease by 36.6%.
China believes that what America has done would further damage word financial development and they may take further actions to react to this.
from YIEH.corp
Source: steelguru.com
Source: steelguru.com
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