Wednesday, November 4, 2009

Protectionism: Seamless Steel Pipe Imports from China

US to Probe Seamless Steel Pipe Imports from China

» The U.S. International Trade Commission on Oct. 30 approved an anti-dumping and countervailing investigation into Chinese seamless steel pipes.
» The U.S. Department of Commerce will make a preliminary determination to impose anti-dumping and countervailing duties in December and February.
» According to Donghai Securities analyst Wu Peiwen, if the court rules against the Chinese products, producers not only face the likely loss of U.S. market share but also a more competitive Chinese market, which is already suffering from oversupply this year.

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Probably China can stop the talk,and could start serious actions to break down the import protecions/export subsides (both is the same )

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