Iron and steel industry is expected to be a pillar industry in the United States

The U.S. department of commerce announced that South Korea iron and steel company and eight other countries and regions, the company is considered to illegal dumping cheap steel pipe and tubing, the construction market will impose additional tariffs on it.

The U.S. department of commerce as mentioned in the briefing, to south Korean imports of tubing set the tariffs of 9.89% ~ 15.75%, the imported products are mainly used in oil drilling pipes. Eight other countries and regions of tubing set import tariffs ranging from 2.05% ~ 118.32%.

In addition to South Korea, also named by the us department of commerce of the countries and regions including India, the Philippines, Saudi Arabia, China Taiwan, Thailand, Turkey, Ukraine and Vietnam. But, the resolution, while Ukraine ever sell cheap steel products to the United States, but due to the mutual agreement has been terminated, so stop dumping investigation on it.

The U.S. department of commerce argues that the decision to help the American iron and steel enterprises “reduce the dumping and subsidies by the harmful behavior caused the impact of market unfair competition, to build up a fair competition mechanism”. Secretly against China?

In 2013, according to data released by the us department of commerce, export 894300 tons of pipe products to enter the United States, South Korea, worth more than $800 million. Eight other countries and regions, exports to the United States steel worth about $630 million last year.

Iron and steel company and other companies in the United States believes that south Korean manufacturing these used in oil and gas pipeline steel raw material a large part comes from the Chinese government subsidies of cheap steel. They claimed that South Korea frequently introduced into China at a low price and steel processing dumping to the United States, hope that the us government in treating the problem of South Korea, with 2010 of made in China’s oil and gas industry with impose punitive tariffs on steel pipe, a severely punished.

Chinese steelmakers was U.S. steelmakers “eyesore”. Reason is that in the past 10 years, China’s large iron and steel exports to the United States. Until 2010, the United States decided to up to 99% on imports from China steel tariffs. The steel industry in the United States appears to be a great victory for their own interests.