China hikes anti-dumping duties on some US, EU steel tubes and pipes

Author: 
Reuters
ID: 
1560488704893171500
Fri, 2019-06-14 05:00

BEIJING: China said on Friday it was raising anti-dumping duties
on certain alloy-steel seamless tubes and pipes used at utilities
and imported from the United States and the European Union.
The anti-dumping tax rates applicable to the steel tubes and pipes
are set between 57.9 percent and 147.8 percent on companies in the
United States and the EU, effective June 14, China’s Ministry of
Commerce said in a statement on Friday.
The new tariffs are as much as 10 times the previous rates of 13
percent-14.1 percent, which were imposed in 2014 and expired on May
10. The increased steel tariffs come amid the escalating Sino-US
trade dispute that involves hundreds of billions in goods passing
between world’s two largest economies.
Tariffs on US steel extrusion firm Wyman-Gordon Forgings are at 101
percent, while those on all other US companies are 147.8 percent,
the ministry said.
The anti-dumping tariff on Vallourec units Vallourec Deutschland
GmbH and Vallourec Tubes France are 57.9 percent, with all other EU
companies face tariffs of 60.8 percent.
The decision to extend and raise the anti-dumping tariff follows a
request from the Chinese domestic steel tubes and pipes sector, the
ministry said.
Last year, government-backed Inner Mongolia North Heavy Industries
Group Corp. Ltd. said in a complaint filed to the Ministry of
Commerce: “Despite the (earlier) anti-dumping measures, producers
in the EU and the United States … further cut export prices in
order to expand and maintain their market shares in China.”
To make its point, Inner Mongolia North Heavy cited data showing
European and US products accounted for more than 50 percent of the
specialty pipe and tubing market in China in the first quarter of
2018, with their import prices falling nearly 14 percent to $5,786
per ton as compared with prices in 2014.
In 2017, the last year for which full date is available, China
imported 9,500 tons of the tubes and pipes used by utilities, with
nearly 95 percent of the products coming from the United States and
EU.
The products involved in the anti-dumping case, alloy-steel
seamless tubes and pipes for high temperature and pressure, are
mainly used in ultra-supercritical thermal power units, with around
80 percent of the demand coming from the Chinese market.

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China raises tariffs on US goods amid escalating tensionsChina’s
economic growth steady amid tariff fight with US
Source: FS – All-News-Economy
China hikes anti-dumping duties on some US, EU steel tubes and pipes