US Commerce To Consider Import Duties Vs China Drill Pipe

Vendredi, janvier 29th, 2010

The U.S. Commerce Department said Thursday it would investigate whether to impose countervailing and antidumping duties against Chinese imports of drill pipe, reported Dow Jones.

The case is the latest response to an increasing number of complaints by U.S. companies and unions of unfair trade practices by Chinese manufacturers, bringing the total number of Commerce duty investigations involving the country to over 20.

The petitioners are United Steelworkers union, TMK Ipsco, VAM Drilling, Texas Steel Conversion and Rotary Drilling Tools. They are seeking countervailing duties against what they allege are government subsidies, while claiming that the pipe is being sold at less than normal value and thus warrant antidumping duties.

U.S. imports of the Chinese pipe, used in oil drilling, doubled between 2006 and 2008 in volume. They were valued at $195 million in 2008.

Before it can proceed with the investigation, Commerce has to await a decision by the U.S. International Trade Commission on whether there is a reasonable chance that U.S. producers are being hurt by the imports. The ITC is scheduled to rule on Feb. 16, and Commerce plans to make a preliminary decision on countervailing duties in March and on antidumping duties in June.

Source : konaxis



China Denies Dumping Steel Products In EU, US Markets

Mercredi, avril 22nd, 2009
China’s steelmakers are abiding by international trade rules and reject charges of dumping or unfair competition, by  U.S trade officials and American makers of steel pipe used in oil and gas drilling earlier this week.

Seven U.S. steel makers and the United Steelworkers union filed petitions with the U.S. Commerce Department and the U.S. International Trade Commission seeking duties on Chinese imports of steel pipe.

« China’s steel industry has abided by the rules of the World Trade Organization since it joined the organization and we would never dump steel in any foreign market, » the newspaper cited Wu Xichun, a senior official with the China Iron & Steel Association as saying.

U.S. manufacturers allege that the mostly state-owned Chinese producers have sold supplies of the pipe at prices below the cost of production — a practice known as « dumping » — and have benefited from massive government subsidies.

Preliminary findings in the latest cases are expected in May, September and November.

Imports of steel pipe from China have soared in recent years, to 2.2 million tons — worth about $2.7 billion — of the roughly 5 million-ton U.S. market for the pipe in 2008. That was up from about 900,000 tons in 2007 and 750,000 tons the previous year.

European steel companies are also complaining over surging imports from China and the European Commission announced on April 8 it would impose anti-dumping duties on Chinese seamless steel pipe. On July 9 of 2008 the European Commission launched anti-dumping probe into the case.

China has protested at the European Union’s (EU) decision to impose anti-dumping duties of slightly more than 15 percent for Hubei Xinye Steel and Shangdong Luxing Steel Pipe  seamless steel pipes and  24.2 percent for the general imports from other Chinese steel companies,  expected the EU to end its anti-dumping investigation, the Ministry of Commerce (MOC) said in an online statement Friday (Apr 10).

The Chinese official  called  EU’s  attention that  according to the WTO rules, anti-dumping complaint must include accurate and adequate evidence of dumping, injury and a causal link between the two elements.

During the period of investigation, the whole industry in Europe performed well and experienced no injury or threat, the official added. He asses that the exports were  in response to market demand and any increase of exports of Chinese products to Europe during a certain period was determined by the market demand, which could not be attributed to dumping.

Source : Konaxis