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September 07, 2008


International Trade Environment facing China Steel enterprises

It is reported that Mr Lou Dingbo assistant to GM of Baosteel Iron & Steel Co, gave a specialized analysis on the current international trade environment facing China's steel enterprises. Meanwhile, the steel industry is faced with mounting trade conflicts as shown in below chart.

Mr Lou also reviewed the steel involved antidumping cases these years.

CountryProductResult
Canada HCRSunset review finalized Aug 16 2006, AD duty went on
Mexico Seamless pipeongoing
Thailand Wire rodongoing
Indonesia HRCongoing
USHRCSunset review Aug 10 2007 decided to continue AD duty
USMedium plateAgreement validity ceased
Canada Medium plateSunset review and final ruling finished, AD duty continued
Mexico Medium plateongoing
USRectangular pipeIn the process of antidumping and countervailing investigation
USStandard welded pipeIn the process of antidumping and countervailing investigation
Canada Seamless oil well pipePreliminary ruling finished
EUHDGIn the process of antidumping investigation
EUStainless CR sheetIn the process of antidumping investigation
Canada Standard welded pipeIn the process of antidumping and countervailing investigation

Mr Lou quoted that the government's word that aims to guide steel industry consolidation as another background. The state owned assets supervision and management commission points out detailed plans to promote M&A between steel enterprise, taking examples of essential reform of Anben Group, Shougang's relocation and consolidation in North China, combination of Baosteel and Baotou Steel, etc.

(Sourced from MySteel.net)