US DOC sets duties on steel nails from the UAE

Sat, 28 October 2011

The US Department of Commerce (DOC) announced Friday preliminary antidumping duties on all imports of certain steel nails from the United Arab Emirates. These duties, which range from 19.23 percent to 61.54 percent, are the result of an investigation that was requested March 31, 2011 by Mid Continent Nail Corporation.

Dubai Wire FZE has been assigned a preliminary antidumping duty margin of 27.73 percent of the entered value of the goods. Precision Fasteners LLC has been assigned a preliminary antidumping duty margin of 19.23 percent of the entered value of the goods. Tech Fast International LLC has been assigned a preliminary antidumping duty margin of 61.54 percent of the entered value of the goods. Exports from all other UAE producers are subject to a dumping duty margin of 23.48 percent of the entered value of the goods.

The investigation covers certain steel nails up to 12 inches long that are produced from any type of steel. The steel nails covered by the petition can have a variety of finishes, heads, shanks, points and sizes, and may be sold in bulk or collated into strips or coils using materials such as plastic, paper or wire. Commerce's final determination in this case will be announced no later than March 13, 2012.

Certain steel nails subject to this investigation are currently classified under the Harmonized Tariff Schedule of the United States (HTSUS) subheadings 7317.00.55, 7317.00.65 and 7317.00.75.

Tags: USA , UAE , longs , Middle East , North America , steelmaking , trading , quotas & duties

source: steel orbis

Chinese steel export facing increasing difficulty

Friday, 18 Feb 2011

It is reported that though the latest statistics showed Chinese steel export turned better in January, the resistance is increasing, for instance, frequent friction on Chinese steel from overseas market, overseas demand tends to weak and weak competitiveness of Chinese products.
Report from CISA showed the export environment in 2011 is not optimistic, with export for Korea, India and ASEAN taking up 48.2% of total export volume. Korea increased steel capacity by 15 million tonnes and estimating to cut import from China.

The latest analysis report from China Customs pointed out that international demand for steel may remain sluggish due to slow pace of European and American recovery. Data issued by US Department of Commerce showed the importing volume of America in 2010 once kept decreasing for consecutive three months.

Furthermore, trade barriers from overseas market came one after another, causing heavier obstacles on Chinese steel export. A US trade panel on February 7th approved combined final duties ranging up to nearly 450% on steel drill pipe from China used in oil production.

Customs report also listed other trade remedy cases on Chinese steel products, for instance, Russia on November 23rd 2010 decided to impose 29.9% to 39.1% anti dumping duties on Ni containing stainless steel, earlier in Sep. Chinese steel products suffered trade remedy investigations from Canada and EU. (sourced:mysteel.net)

Tags:Chinese steel export, facing difficulty,CISA, Korea, India, ASEAN, European, American, US Department of Commerce,Canada, EU,steelmills