Chinese steel exports to the US reduced substantially

Hit by series of trade survey, China’s steel pipe producers who exports the steel pipe to the U.S. was drastically shrinking; Chinese other steel products export to the U.S. also began its dramatic decrease from 2009.

Recently, the U.S. International Trade Commission issued a notice that the thin-walled rectangular steel which was originating in China, Korea, Mexico and Turkey had the sunset review of anti-dumping comprehensively. In the meantime, originating in China’s thin-walled rectangular steel was having a countervailing and the sunset review comprehensively.

July 18, 2007, the U.S. Department of Commerce on the origin of China’s walled rectangular steel pipe had a countervailing and anti-dumping investigation. The products involved customs codes for 73,066,150.00 and 73,066,170.60.

From 2007 to 2008, the steel industry can be described as “Black Year.” The U.S. imposed anti-dumping and countervailing duties on the four kinds of steel pipe products that originated in China. Later the U.S. imposed 10.3% ~ 15.78% countervailing duty and 29.94% ~ 99.14% anti-dumping duties on OCTG which was imported from China.

June 2008, the U.S. final ruling finds that Chinese enterprises that were investigated have accepted to offer hot rolled steel, land, and Specific areas of preferential income tax of enterprises with foreign investment and other three government subsidies. In addition to an active respondent companies tax rate is 2.17%, and because of dropping out of the survey, a mandatory respondent companies was ruled by adverse facts and was convicted of tax rates as high as 200.58% and other Chinese enterprises subsidies for tax rate is 15.28 percent. Some Chinese enterprises involved in anti-dumping dumping margin of 249.12% ~ 246.64%.

 

June U.S. steel import authorization were down 8%: the data of Import Administration U.S. Department of Commerce show that the U.S. steel import permit applications totaled 2,565,000 tons in June, compared with 2,853,000 tons in May decreased by 10%, and 2.802 million tons compared with May’s preliminary imports total fell 8%. Among them, the imports of finished steel for the amount were 2.014 million tons, compared with 2,123,000 tons in May preliminary imports declined 5%. In the first half of the year, the U.S. steel and finished steel imports were 15,801,000 tons and 12,372,000 tons, down 10% and 9%. According to the first six months of import authorization applications for discounted annualized, the U.S. steel and finished steel imports were 31,602,000 tons and 24,745,000 tons in 2013, compared with 33,475,000 tons and 25,826,000 tons in 2012 and imports were down 6% and 4%. It is estimated that the finished steel import’s market share is23% in June and in the first half of the market share is 23%. The registration of a major amount of finished steel products import authorization imports in June compared with preliminary statistics in May was increased, during that the hot rolled sheet increases 38%, plate volume increased by 25%, oil pipe is up 15%, structural tube increases 12%, line pipe is up 11%. So far this year, significant growth in imports of primary products is the standard rails, heavy duty steel and tin plate. June, some of the largest applications for finished steel import countries were South Korea, China, Japan, Germany and Turkey. The first half of this year some of the largest importers were South Korea, Japan and China.

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