On April 24, the US Department of Commerce announced the initiation of anti-dumping and countervailing investigations on two steel products from China. This is the "double reverse" investigation of the eighth anti-dumping and anti-subsidy merger initiated by the United States against Chinese products.
The products involved were the Circular Welded Carbon Quality Steel Line Pipe from China and Korea and the Welded Line Pipe from China.
On April 3, 2008, U.S. companies such as Maverick Tube Corporation, United States Steel Corporation, and related industry associations filed an application with the United States International Trade Commission (ITC) requesting Product investigation. The dumping margin initially estimated by the applicant is 57.45%-58.96%, and the subsidy rate exceeds 2%.
According to the data released by the US Department of Commerce, in 2007 China exported 25,600 tons of related products to the United States, with the total amount exceeding US$165 million.
The US International Trade Commission will announce the preliminary results of countervailing investigations and anti-dumping investigations in June and September this year.
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