Chinese Steel Dumping Affirmed By ITC

The U.S. International Trade Commission ruled Friday that China is dumping steel pipe and tube products on the U.S. market at below-cost prices and illegally subsidizing its steel industry, for the first time establishing countervailing duties against Chinese steel imports.

The ITC voted to affirm the U.S. Department of Commerce's June 9 findings that Chinese makers of circular welded steel pipe are dumping their products on the U.S. market at below-cost prices and that the Chinese government heavily subsidises pipe and tube exports.

The Commerce Department had found that Chinese steel pipe producers dump products at rates ranging from 69.2 percent to 85.55 percent, severely limiting domestic producers’ ability to compete. Chinese products, pipe and tube imports from China to the United States increased to 750,000 tons in 2007 from 10,000 tons in 2002.

Source: Northwest Indiana and Illinois Times