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 ...
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.
Fellow sometimes-plumber here stopping by to say Hello.
Hope you guys stay busy in Raleigh and have a Happy New Year!
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.
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.
really? indian steel company and usa’s , there are lots of local and the other countries comany produts in the usa market.
china can use more steel make gun.
ur word is the truth and classical.that is the all
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.
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