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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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