Two anti-American and Russian-oriented electrical steel Ministry of Commerce's first anti-subsidy investigation

The Ministry of Commerce announced in Thursday that the initial identification of imported-oriented electrical steel originating in the United States and Russia has been dumped, originating in the United States import-oriented electrical steel there is a subsidy, and decided to import from the United States and Russia since December 11 of orientation of electrical steel levy corresponding margin.　　According to the Ministry of Commerce, the dumping margin for US companies was 10.7% to 25%, with an ad valorem subsidy rate of 11.7% to 12%; the dumping margin for Russian companies was 4.6% to 25%.　　According to the Ministry of Commerce, the results of further investigation will be based on an objective and impartial final decision.　　Oriented electrical steel is a kind of soft magnetic material which is indispensable in power industry industry, mainly used in various types of transformers, rectifiers, reactors and large motors.　　The Ministry of Commerce said that April 29 this year officially received Wuhan Iron and Steel (group) company and Baosteel Group Co., Ltd. on behalf of the domestic electric steel industry submitted anti-dumping countervailing investigation applications.　　Wisco shares (600005) last night has been quickly announced, the parent company Wuhan Iron and Steel (group) company is the "double reverse" case of one of the applicants, the company is Wuhan Iron and Steel (group) company is the only production oriented electrical steel products enterprises.　　In this respect, my Steel website Project Marketing deputy manager Chen Jian told the Morning Post reporter, Wisco is the domestic orientation of the largest manufacturer of electrical steel.　　Available data show that in January-October this year, China to Russia to import the number of oriented electrical steel 32,000 tons, imports to the United States for about 29,000 tons, the number is not large. But the case is of extraordinary significance.　　According to the director of the Fair Trade Bureau of the Ministry of Commerce, this is China's first countervailing survey of imported products, and the first time to conduct anti-dumping and countervailing investigations on imported products from one country, namely "double counter" investigation. Behind the unusual move is a growing trade friction between China and the US in the steel industry.　　In April 2009, the US launched a "double counter" investigation into anti-dumping countervailing measures against China's oil pipeline and announced a "double counter" investigation of Chinese steel pipes, including pipelines, standard pipes and pressure pipes, on October 7.　　November 5, the U.S. Department of Commerce has initially ruled that China's production of oil steel pipe Levy high anti-dumping duties, the tax rate of 36.53% to 99.14%. At present, China in addition to ordinary mechanical pipe and some exports, most seamless steel tubes to the U.S. export business has stalled.