Foreign media claimed that the United States imposed heavy blows on Chinese steel makers on the 17th and increased the final import tax rate on cold rolled flat steel imports from China to 522 percent, as it was determined that its products were sold at below-cost prices in the United States and were unfair. subsidy.
According to reports, the U.S. Department of Commerce stated that tariffs will increase the price of cold-rolled flat products made in China by more than five times, and the total import volume of these steel products in 2015 was 272.3 million tons.
Cold rolled steel is mainly used for automotive body parts, electrical appliances, containers and construction.
According to the report, the tension between Sino-US trade relations is escalating, especially in the steel industry. US and European producers have accused China of distorting global pricing, saying that China dumps excess output to the world in the face of slowing domestic demand.
As early as July 2015, complaints were issued by United States major producers United States Steel (XN), AK Steel (AKS.N), ArcelorMittal USA, Nucor (NUE.N) and Steel Dynamics (STLD.O). U.S. steelmakers said that they had retired about 12,000 U.S. workers in the past year.
The U.S. Department of Commerce finally imposed a 71.35% anti-dumping duty on Japanese-made cold-rolled steel and maintained its original ruling. The United States imported about 138.6 million tons of cold-rolled steel from Japan last year.
Reported that the affected Chinese-funded enterprises include Baosteel, Angang Group Hong Kong Holdings Co., Ltd. and Benxi Iron & Steel (Group) Special Steel Co., Ltd. Affected Japanese companies include Nippon Steel & Sumitomo Gold and JFE Steel.
For Chinese-made cold-rolled steel imports, the US Department of Commerce maintained the original anti-dumping duty of 265.79%, but raised the countervailing duty from 227.29% to 256.44%.
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