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Steel enterprises encounter "Black May" anti-dumping investigation
Shen Danyang said that since the beginning of this year, China's steel products have encountered many trade remedy investigations, both from Europe and the United States, as well as from Asia and Africa and Latin America.
According to the data of the General Administration of Customs, in the first four months of this year, China's steel exports totaled 34.41 million tons, a year-on-year growth rate of 32.7%. The glamorous data seems to indicate that China's steel enterprises will usher in the spring, but recently Europe and the United States and other countries have concentrated on anti-dumping sticks, which will bring question marks for the good days.
In early May, the European Commission has established a new anti-dumping investigation against cold rolled coils imported from China and Russia. Public reports said that large domestic enterprises including Angang, Baosteel and Wuhan Iron and Steel were within the scope of this anti-dumping investigation. Analysts in the industry said that this anti-dumping investigation may trigger a follow-up effect.
Shen Danyang said that the way to effectively solve the steel trade problem is to promote countries to carry out inter-industry capacity cooperation, and resolve trade frictions through dialogue and communication to achieve a win-win situation. Therefore, on the one hand, the Ministry of Commerce encourages the Chinese steel industry and enterprises involved in the case to actively participate in responding to the lawsuit and maintain legitimate interests in accordance with WTO rules. On the other hand, the Ministry of Commerce will continue to promote the trade disputes between the governments and the industry through dialogue and consultation.
Analysis said that responding will bring demonstration effect
Contrary to the frequent anti-dumping investigations conducted by Chinese steel companies abroad, it is rare for Chinese steel companies to win the case.
Looking through the previous case, on August 21, 2013, the European Commission issued a notice stating that the complainant's EU Stainless Steel Weldment Industry Protection Committee applied to cancel the application for anti-dumping investigation on stainless steel pipe butt welds originating in China and Taiwan, and revoked the above anti-dumping. survey. "This is a rare victory for Chinese steel companies to encounter anti-dumping investigations overseas." Peng Bo, an associate researcher at the Institute of International Economics, Trade and Economic Cooperation of the Ministry of Commerce, told the Beijing News.
Bloomberg said that as long as Chinese companies respond, there is hope for victory, because many anti-dumping lawsuits, even if they fail in the end, are also a warning to countries such as Europe and the United States.
According to an analysis by a steel industry insider, China’s steel industry has been on the road of high prices because of overcapacity. Not only is the export price low, but the price in the country is also very low. Foreign countries may feel the price of Chinese steel. Unbelievably low, it has made anti-dumping investigations against Chinese steel companies, but in fact, many of the accusations of anti-dumping are not established.
As for how Chinese companies actively respond to complaints and improve their chances of winning, Bloomberg said that Chinese companies must first study the past cases and find out the provisions of the law. Second, we must understand the foreign multi-decision system. The judgment of the anti-dumping case depends not only on the government, but also on the joint organization, public opinion organizations, and non-governmental organizations.
In addition, Bloomberg said that unlike the European and American countries frequently launching anti-dumping investigations against China, the countries along the Belt and Road are more welcoming to Chinese steel products. Except for a few countries such as India, countries along the Belt and Road route rarely launch anti-dumping investigations against China. From this perspective, countries along the Belt and Road route can be a new growth point for China's steel exports.
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Ministry of Commerce: China-South Korea Free Trade Agreement will benefit steel companies
On June 1, the China-South Korea Free Trade Agreement was formally signed in Seoul, South Korea. This is China’s free trade agreement with the largest amount of trade and the most comprehensive field in the country. Shen Danyang, spokesman of the Ministry of Commerce, said yesterday that after the signing of the agreement, the enterprises of the two countries will have greater opportunities for development.
Shen Danyang said that after the entry into force of the FTA, in terms of trade in goods, China will eventually have 91% of its products canceled tariffs on South Korea, covering 85% of imports from South Korea. South Korea will eventually have 92% of its products canceling tariffs on China, covering 91% of China's imports. In this regard, China's textile and garment, non-ferrous metals, steel, machinery and other industries can further reduce the export cost to South Korea and increase its market share in Korea. South Korea's machinery, chemical, liquid crystal display and other industries will also better share China's vast business opportunities.
According to industry sources, the export tax rate for steel exports to South Korea is generally 13%. China's steel has an advantage in the Korean market, sometimes even lower than the domestic production price. After the steel export tax is expected to be abolished, Chinese steel will be more popular in South Korea.
However, just before the signing of the FTA, on May 29, the Trade Commission of the Ministry of Industry and Commerce of the Republic of Korea made a ruling to impose a punitive tariff of 28.23% to 32.72% on H-beams made in China. The period is 5 years. (Liu Suhong)
Recent anti-dumping investigations in China's steel industry
On May 29, 2015, the Trade Commission of the Ministry of Industry and Commerce of the Republic of Korea ruled that the punitive tariffs ranging from 28.23% to 32.72% were imposed on H-beams manufactured in China for a period of five years.
On May 28, 2015, Australia announced an anti-dumping investigation on hot rolled steel sheets originating in China, Indonesia, Japan and South Korea.
On May 14, 2015, at the request of the European Iron and Steel Industry Alliance, the EU initiated an anti-dumping investigation on cold-rolled steel sheets originating in China and Russia.
On May 13, 2015, the European Union made an anti-dumping preliminary ruling on oriented silicon steel originating in China, Japan, South Korea, Russia and the United States, and imposed a temporary anti-dumping duty of 28.7% on oriented silicon steel made in China. For 6 months.
On April 21, 2015, the Peruvian National Competition and Intellectual Property Protection Bureau's Dumping and Subsidy Inspection Committee announced three-year anti-dumping measures against three types of hot-rolled steel pipe products manufactured in China, with tax rates ranging from 60.7% to 89.8%.
Abstract Recently, the United States, Canada and other countries have filed anti-dumping investigations on Chinese steel exports. “The Ministry of Commerce encourages the Chinese steel industry and enterprises involved in the case to actively participate in responding to the lawsuit and maintain legitimate interests in accordance with the WTO [microblogging] rules. On June 2, the business...
Recently, the United States, Canada and other countries have filed anti-dumping investigations on Chinese steel exports. “The Ministry of Commerce encourages the Chinese steel industry and enterprises involved in the case to actively participate in responding to the lawsuit and maintain legitimate interests in accordance with the WTO [microblogging] rules.†On June 2, the Ministry of Commerce spokesperson Shen Danyang gave a speech at the regular meeting of the Ministry of Commerce. Make a statement.