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US to impose duties on imported Chinese steel pipes
AFP ^ | 12/30/09 | P. Parameswaran

Posted on 12/30/2009 5:45:54 PM PST by TigerLikesRooster

US to impose duties on imported Chinese steel pipes

by P. Parameswaran

Wed Dec 30, 3:49 pm ET

WASHINGTON (AFP) – The United States will slap penalty duties on imported Chinese steel pipes targeted for unfair subsidies, officials said Wednesday, heightening trade tensions between the two powers. The US International Trade Commission (ITC) said it had made a "final" decision Wednesday that the subsidized pipes adversely impacted the domestic steel industry, paving the way for the Commerce Department to impose countervailing duties of up to nearly 16 percent on the pipes.

This is the largest countervailing duty case filed against China, based on the value of trade, lawyers said. Beijing had "strongly" opposed the unfair subsidy claims investigated by Washington since early 2009, calling them "blind accusations."

From 2006 to 2008, imports of such Chinese pipes increased by a massive 203 percent. They were valued at 2.6 billion dollars last year.

The American Iron and Steel Institute, an industry group, said the ITC decision was "an important step" toward allowing domestic steel pipe producers "to compete on a level playing field unhindered by unfair and injurious Chinese trade practices.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: china; steelpipe; subsidy; tariff

1 posted on 12/30/2009 5:45:55 PM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

Ping!


2 posted on 12/30/2009 5:46:36 PM PST by TigerLikesRooster (LUV DIC -- L,U,V-shaped recession, Depression, Inflation, Collapse)
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To: TigerLikesRooster; LibreOuMort; mizuki san
Photobucket Mark my words: steel pipes will NEVER sound as good as African Blackwood pipes!
3 posted on 12/30/2009 5:49:35 PM PST by sionnsar (IranAzadi|5yst3m 0wn3d-it's N0t Y0ur5:SONY|Remember Neda Agha-Soltan|TV--it's NOT news you can trust)
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To: TigerLikesRooster

Is this a good thing or a bad thing?


4 posted on 12/30/2009 5:50:02 PM PST by ilovesarah2012
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To: TigerLikesRooster
Cross-referencing. (Don't mind me).
5 posted on 12/30/2009 5:50:58 PM PST by 1rudeboy
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To: ilovesarah2012

Both.


6 posted on 12/30/2009 5:51:20 PM PST by 1rudeboy
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To: TigerLikesRooster
The pipes, known as "oil country tubular goods" in trade jargon, are used to deliver oil and gas in the petroleum industry.

I thought so.

This isn't a blow struck for the steel industry, it is one struck against the oil industry. As production, drilling, and exploration costs go up, oil prices will, too.

The Obamites really want that $5.00/gallon gasoline, and this is a twofer for them, cause they get to stroke the unions, too.

7 posted on 12/30/2009 5:52:39 PM PST by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: ilovesarah2012
Sorry:

If you are a steel pipe producer--->good
If you are a steel pipe consumer--->bad

8 posted on 12/30/2009 5:53:46 PM PST by 1rudeboy
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To: TigerLikesRooster; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...

The list, ping


9 posted on 12/30/2009 5:58:28 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: TigerLikesRooster

Which union does this benefit?


10 posted on 12/30/2009 6:02:00 PM PST by The Duke (Duncan Hunter = Ronald Reagan on steroids!)
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To: TigerLikesRooster

I’m in the business. When steel prices doubled and tripled earlier this decade pipe and tubing prices did likewise. When steel lost most of those gains pipe and tubing did not. It is as high as ever.


11 posted on 12/30/2009 6:02:25 PM PST by rsobin
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To: TigerLikesRooster

is not the Chinese steel industry in serious trouble? Is there not megaovercapacity driving prices way down? Ae not private companies being killed by companies with some government ownership?

Yes

Then the tariff is justified


12 posted on 12/30/2009 6:06:41 PM PST by bert (K.E. N.P. +12 . Lukenbach Texas is barely there)
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To: ilovesarah2012

Larry Kudlow (CNBC), the uber-capitalist, practically wet his pants on this one, implying that this was an action taken in restraint of free trade. He brushed aside the fact that such decisions taken by the United States are very rare. The Chinese will scream bloody murder, but they will continue to dump their products wherever and whenever they can.


13 posted on 12/30/2009 6:11:03 PM PST by Melchior
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To: TigerLikesRooster
As long as companies like Charlotte Pipe and Tyler Pipe are made in the U.S. and American owned, any tariffs to protect them the higher quality pipe they produce is justified. Chinese companies like Star have been flooding the market with substandard pipe for several years.
14 posted on 12/30/2009 6:13:45 PM PST by Dixie Yooper (Ephesians 6:11)
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To: Dixie Yooper
If you like Charlotte and Tyler so much, why don't you send them a check? Why demand the people who actually use Charlotte and Tyler pay more while you sit and watch?
15 posted on 12/30/2009 6:27:37 PM PST by 1rudeboy
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To: bert

Nah. We’re supposed to roll over for China’s economic terrorism.


16 posted on 12/30/2009 6:39:26 PM PST by Wolfie
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To: TigerLikesRooster

I didn’t know there was any pipe that DIDN’T come from china.


17 posted on 12/30/2009 6:43:17 PM PST by mamelukesabre (Confucius: Better to light candle than curse darkness)
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To: TigerLikesRooster

How long before this trade war turns into a shooting war?


18 posted on 12/30/2009 8:20:39 PM PST by Newtoidaho (Liberals are nothing more than drooling buffoons. Spread the word.)
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To: The Duke

usa steel companies and the benifit groups


19 posted on 12/30/2009 8:51:24 PM PST by spark-liu
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To: 1rudeboy
Why demand the people who actually use Charlotte and Tyler pay more while you sit and watch?

My job as a plumbing engineer is to provide the design and specifications for commercial, state and federal building projects. My clients pay for their buildings to be constructed of materials that are in compliance with ASTM (American Society for Testing and Materials)standards. My specifications state very clearly that this is the case and the contractors bid the jobs per my specifications. Once the job is bid and the contract is awarded, it is also my job is to make sure the contractors provide these materials instead of bringing cheap SUB-STANDARD Chinese products onto the job site. I do much more than sit and watch.

20 posted on 12/31/2009 2:48:40 AM PST by Dixie Yooper (Ephesians 6:11)
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To: Dixie Yooper

US companies will raise their prices as the import price rises due to the tariff, quality and cost will not be improved, and dishonest contractors are dishonest contractors.


21 posted on 12/31/2009 3:51:18 AM PST by TooBusy
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To: Dixie Yooper
My job as a plumbing engineer...

Fellow sometimes-plumber here stopping by to say Hello.

Hope you guys stay busy in Raleigh and have a Happy New Year!

22 posted on 12/31/2009 4:03:28 AM PST by varyouga (2 natural disasters, zerO action. Obama doesn't care about white people!)
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To: TigerLikesRooster

I am in the concrete business inasmuch I deliver concrete and this last year I have seen lots of homeowner projects using a whole lot less rebar, many are opting for a fiber mesh additive, some jobs people are using stuff like old wire mesh and chain link fences.

When Mexico city had a major earthquake years ago it was found that many buildings were built with insufficient amounts of rebar, I am seeing this happen here.

Without affordable rebar America will slow its construction projects to a crawl.


23 posted on 12/31/2009 4:13:58 AM PST by Eye of Unk (Phobos, kerdos, and doxa, said the Time Traveler. “Fear, self-interest, and honor.”)
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To: Dixie Yooper

If you are concerned (and you should be) about the material in your projects meeting ASTM specs (and concerned about sub-standard pipe being used), then raising prices on pipe is an odd way to go about it.


24 posted on 12/31/2009 5:46:01 AM PST by 1rudeboy
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To: mamelukesabre

really? indian steel company and usa’s , there are lots of local and the other countries comany produts in the usa market.


25 posted on 12/31/2009 5:48:11 AM PST by spark-liu
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To: spark-liu

china can use more steel make gun.


26 posted on 12/31/2009 5:48:15 AM PST by gotong
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To: 1rudeboy

ur word is the truth and classical.that is the all


27 posted on 12/31/2009 11:21:33 PM PST by spark-liu
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To: gotong

lol ,maybe u are right ,but it is kown that the usa is the biggest seller of the weapons in the world, dont worry about it with so long distance to u ,buddy.


28 posted on 12/31/2009 11:21:35 PM PST by spark-liu
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