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Steel prices in China from the U.S. "double reverse" survey, exports 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 fabricating enterprises hard metal staff merger and the United States on China's trade overseas 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 allotment of 2.7 billion U.S. dollars. This reporter has educated that the U.S. International Trade Commission on April 8 in the day, straight away started a "double reverse" study, the instrumentality has set up a 6-member assembly, embracing managers, 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 response

"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 iron and steel enterprises.

Despite encompassing Baosteel, Anshan Iron and Steel, Panzhihua Steel and Tianjin Pipe Group and other representatives of large iron alloy enterprises, but in detail, with the "double reverse" case of the enterprises engaged in metal and iron alloy enterprises to little and medium-sized exporters. "To the participants to talk about assesses the dimensions of 14 enterprises are somewhat large, in the United States trade items a large amount of business. The case engages the detail Chinese enterprises come to 212 metal and iron alloy enterprises." Import and trade items of China Steel Industry Association of one who disclosed to reporters.

Ministry of Commerce of China furthermore attaches large significance to start an enquiry in the United States after the first time the Ministry of Commerce handed out a answer to the incident. "First quarter of this year, China's metal and iron alloy goods trade items somewhat large fall in rate of trade items capacity down 55%, metal and iron alloy enterprises have came across more difficulties. In this context, the U.S. commerce accusations apply, it should be said out of date. "YAO Jian, representative of the Ministry of Commerce said," We will extend to pay vigilance to 'dual' of the advancement of the case and take befitting activity in response. "

Baoshan Iron and Steel Group of the Ministry of Justice said they had received the U.S. government sent the questionnaire.

It is reported that, ITC will be May 26 before the end of the preliminary investigation and on June 2 announced the results of the preliminary investigation.

Regret and concern

"For the United States' dual 'investigation, we have expressed regret, but also were under immense pressure, which will undoubtedly be adding enterprises." Tianjin Pipe Group Marketing liu jian said.

China's iron alloy trade items to the United States is the major diversity of steel. 2008, China's oil merchandise pipe trade items to the United States has come to about 3.2 billion U.S. dollars, matching to more than 200 billion yuan. And iron alloy trade items to the United States, more than half of all iron alloy products. U.S. businesses that the mean discarding margins as high as 80.72%. Reporter from the China Iron and Steel Association's website that the U.S. iron alloy market demand of about five million tons, China's iron alloy mills accounted for about 2.2 million tons, treasured at an approximated 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. hard metal development in the fiscal critical purpose, the U.S. oil and gas drilling pursuit has been in the doldrums, the U.S. hard metal goods produced enterprises a many deal of inventory, notably lessened the demand, which makes many of the U.S. hard metal development faces difficulties." Kong ling ming advised reporters said that the United States over the past 9 months a large number of deals from China have become the new oil pipe store, which is the United States hard metal financial gatherings filed the direct source of complaint.

In fact, since the second half of 2008 the international economic situation to deteriorate, iron and steel exports to China has shown a rapid decline. Customs data show that in January 2009, China exported 1.91 million tons of steel, a record 35 months since the low volume of China's steel exports, fell more than 50.

China Iron and Steel Association said beforehand that the pertinent population, "China's hard metal trade overseas this year, very sombre situation." Decline in worldwide hard metal demand as well as the cost of RMB acknowledgement on China's hard metal trade overseas to advance the consequence of the great. Some enterprises trade overseas to none for numerous months.

Well-known experts in the iron and steel xu xiang chun said that, once lost in China, China's steel will be to impose high anti-dumping duties, the price advantage will cease to exist, that basically means that the Chinese steel market will have to withdraw from the United States.

"20 billion yuan steel exports blocked, it can be said is a big scale." Kong lin ming said with emotion.

The "double reverse" Obama is the enquiry since he took agency, the U.S. government commenced China's first "double reverse" survey. "The fast start, displays that the Democratic Party after the ruling hard-line trade policy." I do not desire to be entitled, the long-term study of Sino-US trade relatives professional, notified 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 believe that with the shrinking of the global steel market, will increase the number of similar problems. China must learn to use international trade regulations, protection of China's own interests. At present, private sector small and medium-sized oil pipe mostly decentralized production capacity, we must work together to form a response to the lawsuit.

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