Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
US Says Steel Imports Hurting Industry
Adjust font size:

Steelmakers could face punitive action from the United States after it ruled yesterday that "subsidized" steel pipe imports from China are hurting its industry.


The charge is the result of a countervailing and anti-dumping investigation launched by the US against Chinese steel-pipe makers in June.


The US International Trade Commission said: "There is a reasonable indication that an industry in the United States is materially injured, or threatened with material injury, by reason of imports from China of circular welded carbon-quality steel pipe".


It claims the Chinese products receive government subsidies and are sold in the US at less than fair value.


The Chinese Ministry of Commerce declined to comment yesterday. But when the investigation was launched in June it said China was strongly opposed to the probe.


Steel pipe imported from South Korea, Mexico and Turkey is also subject to the US charge.


The US commerce department will continue the investigation and is scheduled to make preliminary rulings on the "margin of subsidy and dumping" on September 20 and December 4.


The US industry claims Chinese steelmakers have been subsidized by the government for years.


It has filed several anti-dumping or dual complaints (anti-dumping and countervailing) with the US government against Chinese manufacturers this year.


But local steelmakers and exporters refute the charge. They say the US claims are groundless and the steel industry has developed out of China's market economy rather than with the help of government subsidies.


The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters also said the US had given US$100 billion in long-term subsidies to its industry over the past three to four decades.


(China Daily August 16, 2007)


Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Sino-US Steel Dialogue Glooms
- Chinese Steel Industry Rebuts US Accusation
Most Viewed >>
-Commercial banks allowed to access futures market
-WB cuts China's 2008 GDP growth to 9.6%
-Economic policy needs 'rethink'
-Coal reserves at China power plants up
-Macao's gaming market expands further

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号