US may Levy 90% Duties on Some China-made Steel Tubes

28/09/2009 12:00 - 567 Views

BEIJING, Sep 21, 2009 (SinoCast Daily Business Beat via COMTEX) -- X | Quote | Chart | News | PowerRating -- Pittsburgh-headquartered United States Steel Corp., the largest fully integrated steel producer in the US, lately filed an application with the US Commerce Department for the levy of about 90 percent anti-dumping and anti-subsidy duties at most on some steel pipes imported from China.

The preliminary results of the investigations will be announced on November 5. If the duties ranging from 36.94 to 99.14 percent are agreed, China-made steel tubes can hardly enter the US market, pointed out experts.

The investigations, which are made into imported steel pipes valued at USD 400 million and used in chemical, petrochemical, refining, and related operations, will involve 212 Chinese suppliers.

As early as April 8, the European Union (EU) announced temporary anti-dumping duties on China-made seamless steel tubes. The US new duties, if approved, will definitely pose more pressure to Chinese steelmakers.

Notably, China has become a net importer of crude steel for several consecutive months.

www.shihua.com.cn (September 21, 2009)

Mon. September 21, 2009; Posted: 08:15 AM

Source: www.tradingmarkets.com