U.S. blockage of next steel or tubular steel in Chinese steel products
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On January 5, local time, the U.S. Department of Commerce announced that it will initially impose anti-dumping duties of 43% to 289% on steel wire laminates imported from China worth more than US$300 million. Just the day before, the U.S. Steel Workers’ Federation and four U.S. companies filed an anti-dumping countervailing (double counter) investigation request to impose a tariff of 109% to 274% on Chinese-made drill pipes.
In the past three months, the United States has used double anti-survey to investigate this weapon and took turns to beat the Chinese steel products exported to the United States.
On January 6th, Xu Xiangchun, director of the China Iron and Steel Information Network, the domestic steel information portal website, told reporters that the possibility of future double-counter surveys of pipe products remains high. In fact, the hard-hit area pipe products are precisely the most important steel products exported to the United States. According to my steel network statistics, in January-November 2009, the top runner-up in China's steel products shipped to the United States belonged to the pipe category: 401,000 tons of seamless pipes and 143,000 tons of pipe joints and pipe sleeves.
Xu Xiangchun said: "Those steel products that occupy an excessive share in the U.S. market segment are also dangerous."
Pipes imported into the United States may have been "crossing the river to remove the bridge"
Since 2009, the frequency with which the United States provoked double investigations and the extent of its attacks have been rare in recent years. However, from the perspective of the “reports†of the anti-survey investigations, the extension direction of the “Iron Curtain†of the United States still remains to be traced.
Pipe products are the high-risk areas of the 2010 double counter investigation in the United States. Xu Xiangchun told reporters: “In the recent US anti-China investigation of steel products, pipe products are among the hardest-hit areas. In the new year, it is highly probable that pipe products will be hit by the United States.â€
As early as November 5, 2009, the U.S. Department of Commerce announced the preliminary results of the anti-dumping investigations on the oil well pipe anti-dumping case. It was determined that there were dumping of Chinese oil well pipe products imported from the United States, and compulsory collection of punitive tariffs ranging from 10.36% to 15.78%. On December 31, 2009, the United States International Trade Commission approved this ruling.
Xu Xiangchun emphasized that the reason why pipe products became a double-hit area was because before the outbreak of this round of financial crisis, the domestic oil industry experienced a period of boom, and the demand for oil well pipes and tubing products soared. Domestic production capacity has led to a large number of Chinese products entering the US market.
Therefore, "this causal relationship must be clear." Xu Xiangchun said that at the beginning, the United States took the initiative to introduce Chinese products, and today, when the economic downturn is serious, it in turn blames China's pipe products for dumping on the US market, which is tantamount to crossing the river.
In addition, Xu Xiangchun suggested that reporters start with the Chinese steel products’ share of the U.S. market and predict the U.S.’s two main counter-survey targets for the future.
According to the prosecution and adjudication procedures of the U.S. anti-survey investigation, when a product occupies a sufficiently influential share in the U.S. market segment, the prosecution proves that this poses an impact on U.S. domestic industries. The US Department of Commerce and the International Trade Office will only The final ruling established a double counter-judgment and imposed additional duties.
Xu Xiangchun said that starting from this point, it is now necessary for China’s steel producers and exporters to check their own catalogues of products imported into the United States. If a certain product already has an excessive share in the market segment, it is necessary to raise vigilance.
Do not belittle the frequent outbreaks of trade wars that have disrupted the hearts and minds of the domestic steel industry. Wei Lili, manager of China National Steel Corp., which is in charge of steel trade, told reporters that since the financial crisis, the inventory of domestic iron and steel production and trading companies has been very serious, and repeated investigations have even worsened, and even those that are not directly affected by the double Anti-waved companies are now under great psychological pressure.
The economic recession is a natural hotbed of trade protectionism, so Xu Xiangchun is not optimistic about the prospects for exports of the Chinese steel industry in 2010: “In the next two years, trade frictions in the steel industry may be even more severe than in 2009.â€
What's more serious is that the U.S. anti-double investigations tend to be the reference for other countries. December 23, 2009, Argentina has taken the lead in the case of the United States tire protection, announced the initiation of anti-dumping investigation of tires originating in China. For the Chinese steel industry, the “iron curtain†that originated in the United States cannot guarantee that it will not spread to the world.
While the US and China’s steel trade has frequently been “disappearedâ€, Professor Yao Xinchao of the School of International Economics and Trade of the University of International Business and Economics still believes that the media should not shirk the Sino-US trade war. “This is still a far cry from the trade war. Products can only be regarded as trade frictions. Only when both governments are directly involved in huge trade disputes can they be called trade wars."
However, Xu Xiangchun stated that there are inevitable political factors in the two counter cases. The anti-dumping and countervailing investigations provoked by the United States are mainly initiated by the government in order to protect domestic industries. Therefore, whether Chinese products constitute anti-dumping in terms of prices is not the core issue. He said: "The double counter investigation is essentially not an economic issue but a political issue."