China's Commerce Ministry Hopes for Prudent Treatment in Latest US Trade Protection Probes
Yicai Global
/SOURCE : Yicai
China's Commerce Ministry Hopes for Prudent Treatment in Latest US Trade Protection Probes

(Yicai Global) May 12 -- China hopes America's anti-dumping and anti-subsidy investigations into Chinese cold-drawn mechanical pipes will be carried out prudently and justly to create a stable and predictable global iron and steel market, said Wang Hejun, director general of the Ministry of Commerce's Trade Remedy and Investigation Bureau.

Several members of the World Trade Organization have been paying attention to the frequency trade remedy probes into iron and steel in the US, Wang said. From 2000 through 2016, the world's largest economy took on 283 measures against imported products, 147 of which were for iron and steel, according to data from the US International Trade Commission.

This overprotection makes American firms less competitive on an international basis, he added, which harms the interests of partner countries while making no contribution to solving the industry's problems in the US. China always opposes abuse of trade remedy investigations, Wang continued. Instead of correcting damages claimed by US complainants, the excessive protection will affect the interests of downstream industries in the country.

America will investigate dumping of cold-drawn pipes made in China, Germany, Italy, India, Korea and Switzerland, and start an anti-subsidy probe into Chinese and Indian products, the US Department of Commerce said on May 10.

The department also estimated dumping margins against China to be between 87.58 percent and 186.89 percent, with the subsidiary margin over 2 percent. The US trade commission will make a preliminary judgement in June.

If the ITC rules that the products imported from these countries caused material injury to US industry, the commerce department will continue the investigation and aim to make its preliminary verdict for anti-subsidy measures in July and anti-dumping in September.

The value of cold-drawn mechanical pipes imported from China to the US was USD29.4 million last year, according to data from the US Department of Commerce.

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Keywords: Trade , Steel , US