U.S.Partners Want to Limit Chinese Steel Exports

The steel, originally at a relatively high price, plus the imposed tariffs will inevitably damage the parts and components industry, and the industry is already in a predicament of bankruptcy and huge losses. Tariffs not only increase the price of steel, it even makes it difficult for the industry to buy steel. The steel industry has been able to make good profits, and it is time to cancel tariffs. According to Ann Wilson, who is in charge of the government affairs of MEMA, a steel farce played by the Americans is being staged before the world.

On October 10th, the United States International Trade Commission (ITC) made a preliminary ruling on the substantial damage to China’s thin-walled rectangular steel pipe from the United States. This is the third time that the Americans have made it to China in a short period of one month. Iron and steel attack. Before that, the United States successively ruled on the anti-dumping and anti-subsidy countermeasures for steel nails and welded steel pipes imported into the United States.

However, on the one hand, the U.S. steel companies demanded that the U.S. government severely punish my steel products exported to the United States. On the other hand, the United States has been constantly arguing because of steel tariffs. A few days ago, the representatives of the US parts suppliers, the Automobile and Equipment Manufacturers Association (MEMA) urged the U.S. government to cancel tariffs on imported steel, saying that tariffs have brought continuous "suppression" to the U.S. auto industry.

“The originally high-priced steel plus the imposed tariffs will inevitably damage the parts and components industry, and the industry is already in a predicament of bankruptcy and huge losses. Tariffs not only raise the price of steel, but they even make it Whether the industry can buy steel becomes a difficult problem. The steel industry has been able to make good profits, and it is time to cancel tariffs.” Ann Wilson, head of the MEMA's in charge of government affairs, said that the US auto industry has faced many challenges, unfortunately Yes, steel tariffs have added to the situation. He disclosed that the US auto parts suppliers are joining the ranks of vehicle manufacturers and have called for the removal of steel tariffs.

According to a survey by MEMA, the auto parts industry is the largest component of U.S. manufacturing, and it is the industry that attracts the most employment in seven states.

Analysts believe that the launch of the American Association of Automobile Manufacturers and Equipment Manufacturers fully exposed the conspiracy of American steel companies and revealed that the U.S. government was deliberately creating export friction for Chinese steel products.

Wilson made it clear that the steel products in the United States are at a high price, and the steel industry has a very good profit, and it is time to cancel the tariffs.

At the same time, Zhang Jingang, deputy secretary-general of the China Iron and Steel Association, also refuted the fact that the US steel industry's profitability is very good, and that the Chinese government has not subsidized the steel industry, and that there is no material injury to the United States from our steel products. In fact, the current system of export tax rebates implemented by China is actually not a subsidy but limits the export of steel. Therefore, the U.S. government’s ruling is unfounded.

He said that the U.S. government should face up to the normal competition in the international steel market.

Relevant statistics show that in September, China's crude steel output was 41.25 million tons, an increase of 14.5% year-on-year, and pig iron production increased by 39.67 million tons, an increase of 13.2%.

In this regard, Luo Baihui, secretary-general of the International Mould, Hardware and Plastic Industry Suppliers Association, said that from the current perspective, China's steel production in July continued to maintain steady growth. If steel production continues to grow steadily, China’s steel output will hit a new high this year, which will undoubtedly increase the export pressure of steel products. Although the Chinese government has taken a series of measures to limit the excessively rapid growth of steel products, related departments may also increase restrictions. However, as the degree of global economic integration continues to deepen, the prices of international steel products are significantly higher than those of domestic ones. In half a year, the export of steel products in China should not fall too much.