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Wed, Sep 15, 2010 - Page 10 News List

Chinese pipe makers face import duties

BLOOMBERG

Chinese makers of steel pipes such as Tianjin Pipe Group Corp (天津鋼管集團) will face import duties after the US Department of Commerce ruled in the favor of a complaint by US Steel Corp.

Meanwhile, Argentina said it would extend the anti-dumping investigation period for steel pipe and fluorochloromethane imports from China, according to a statement from the Chinese Ministry of Commerce yesterday.

Importers from China must pay dumping duties of as much as 98.74 percent on pipes used to transport water, natural gas and steam in plumbing and heating systems, the US commerce department said on Monday in a statement. Separate duties to compensate for subsidies those makers receive will be as much as 53.65 percent, the department said.

China, which had a US$227 billion trade surplus with the US last year, has been the subject of more complaints filed over unfair trade than any other nation, according to data compiled by the World Bank.

US Steel, based in Pittsburgh, was joined in a petition seeking duties by the US subsidiary of France’s Vallourec SA, the world’s second-largest maker of steel tubes for oil and gas production, and the United Steelworkers union.

Tianjin Pipe, based in Tianjin, will face a combined dumping and countervailing duty rate of 62.65 percent. Hengyang Valin Steel Tube Co (衡陽華菱鋼管) and related companies will face a combined duty of 135.68 percent. All companies not singled out for a review must pay a dumping rate of 98.74 percent and a countervailing duty of 33.66 percent, the agency said.

“In the face of the still-not-sound world economy, we do not want to see unfair restrictions on foreign exports to the United States,” said Wang Baodong (王寶東), a spokesman for the Chinese embassy in Washington. “Instead we should work together to find how to better expand bilateral cooperation.”

US Steel and domestic products have cleared three of four steps in seeking to impose duties on the pipe. Importers are required to deposit the duties, pending a final decision by the US International Trade Commission on Oct. 25.

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