US slaps fees on Chinese pipes
Source: Xinhua |
April 12, 2010, Monday
|
Print Edition
Print Edition
THE United States last Friday imposed anti-dumping duties ranging from 30 percent to 99 percent on imports of steel pipes used in oil and gas wells, a move that might escalate trade disputes between the two countries.
The Commerce Department said in a statement that prices for the Chinese pipes, or "oil country tubular goods (OCTG)," are 29.94 percent to 99.14 percent lower than fair value when it is sold in the US market.
The department said 37 Chinese firms will receive a final dumping rate of 29.94 percent, and all other Chinese exporters are subject to the final dumping rate of 99.14 percent.
However, the US International Trade Commission, an independent federal agency, could still cancel the anti-dumping duties if its members find in a vote that US domestic steel producers suffer no harm from the imported Chinese products, which were worth US$1.1 billion in 2009.
The ITC is scheduled to issue its final injury determination on or before May 24.
In November 2009, the department also set final countervailable duties (CVD) ranging from 10.36 percent to 15.78 percent on Chinese-made OCTG.
One month later, an ITC ruling led to the imposition of duties.
The anti-dumping and countervailing petition case was filed in April 2009.
The case was backed by the United Steel Union, which has served as a driving force in many recent trade actions against China, and seven other US producers.
China strongly opposed the US decision, saying it is a protectionist move.
"China expressed strong dissatisfaction and is resolutely opposed to this," Yao Jian, a spokesman of the Ministry of Commerce, said last year.
"This does not comply with WTO agreements on subsidies. The United States used an incorrect method to define and calculate the subsidies, which has resulted in an artificially high subsidy rate, hurting Chinese firms," Yao said.
The Commerce Department said in a statement that prices for the Chinese pipes, or "oil country tubular goods (OCTG)," are 29.94 percent to 99.14 percent lower than fair value when it is sold in the US market.
The department said 37 Chinese firms will receive a final dumping rate of 29.94 percent, and all other Chinese exporters are subject to the final dumping rate of 99.14 percent.
However, the US International Trade Commission, an independent federal agency, could still cancel the anti-dumping duties if its members find in a vote that US domestic steel producers suffer no harm from the imported Chinese products, which were worth US$1.1 billion in 2009.
The ITC is scheduled to issue its final injury determination on or before May 24.
In November 2009, the department also set final countervailable duties (CVD) ranging from 10.36 percent to 15.78 percent on Chinese-made OCTG.
One month later, an ITC ruling led to the imposition of duties.
The anti-dumping and countervailing petition case was filed in April 2009.
The case was backed by the United Steel Union, which has served as a driving force in many recent trade actions against China, and seven other US producers.
China strongly opposed the US decision, saying it is a protectionist move.
"China expressed strong dissatisfaction and is resolutely opposed to this," Yao Jian, a spokesman of the Ministry of Commerce, said last year.
"This does not comply with WTO agreements on subsidies. The United States used an incorrect method to define and calculate the subsidies, which has resulted in an artificially high subsidy rate, hurting Chinese firms," Yao said.
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