November 20, 2008

Guangdong steel pipe exports in H1 down by 31.2%% YoY

It is reported that Guangdong's steel pipe exports dropped dramatically in the first six months of this year owing to anti dumping duty and countervailing duty investigations launched by the US and AD investigations initiated by EU.

Statistics from Guangzhou Customs show that Guangdong exported 180,000 tonnes of steel pipe during January to June valued at USD 210 million down by 31.2% YoY and 39.8% YoY respectively

The province exported 18,000 tonnes to the US and 2,000 tonnes to EU down by 74.5% and 84.7% respectively. Exports to Hong Kong also lost 38% to 35,000 tonnes. In the meanwhile its exports to the Association of South East Asian Nations gained 51.5% to 42,000 tonnes, that to Malaysia surged 660% to 27,000 tonnes and that to Iraq roared 746% to 23,000 tonnes.

China's steel industry has become a severely afflicted sector of AD and CVD cases initiated by the US and EU in recent years.