SMM Exclusive: US Import Duties to Greatly Affect Chinese Copper Pipe and Tube Exports -Shanghai Metals Market

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SMM Exclusive: US Import Duties to Greatly Affect Chinese Copper Pipe and Tube Exports

SMM Insight 03:45:10PM May 07, 2010 Source:SMM

SHANGHAI, May 7 (SMM) --The US Commerce Department announced on Thursday to impose preliminary anti-dumping duties on copper pipe and tube imports, originating from China and Mexico.  The tariff for Chinese products is between 10.26-60.50%, and that for Mexico is in the 29.52-32.27% range. 

US's imports of copper tube and pipe from China totally valued USD 233 million in 2009, and products from Mexico were USD 130 million, the Commerce Department said. 
 
Based on average LME copper price of USD 5,200/mt in 2009, China's exports of copper tube and pipe to the US totaled 44,000 mt. 

SMM contacted major domestic copper tube and pipe exporters concerning the US anti-dumping case.  Those producers told SMM that US import duties on Chinese copper tube and pipe will exert great negative impact on China's exports of those products to the US, given the existing low profits for processing copper tube and pipe.  China's exports of copper tube and pipe to the US are expected to fall significantly.  

As copper tube and pipe imports originating from Mexico are also levied duties between 29.52-32.27%, the copper tube and pipe plant in Mexico, owned by Golden Dragon Precise Copper Tube Group, China's top copper tube producer will also be negatively affected, sending a warning bell to Chinese copper tube and pipe producers' expansion efforts in overseas markets .

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn

SMM Exclusive: US Import Duties to Greatly Affect Chinese Copper Pipe and Tube Exports

SMM Insight 03:45:10PM May 07, 2010 Source:SMM

SHANGHAI, May 7 (SMM) --The US Commerce Department announced on Thursday to impose preliminary anti-dumping duties on copper pipe and tube imports, originating from China and Mexico.  The tariff for Chinese products is between 10.26-60.50%, and that for Mexico is in the 29.52-32.27% range. 

US's imports of copper tube and pipe from China totally valued USD 233 million in 2009, and products from Mexico were USD 130 million, the Commerce Department said. 
 
Based on average LME copper price of USD 5,200/mt in 2009, China's exports of copper tube and pipe to the US totaled 44,000 mt. 

SMM contacted major domestic copper tube and pipe exporters concerning the US anti-dumping case.  Those producers told SMM that US import duties on Chinese copper tube and pipe will exert great negative impact on China's exports of those products to the US, given the existing low profits for processing copper tube and pipe.  China's exports of copper tube and pipe to the US are expected to fall significantly.  

As copper tube and pipe imports originating from Mexico are also levied duties between 29.52-32.27%, the copper tube and pipe plant in Mexico, owned by Golden Dragon Precise Copper Tube Group, China's top copper tube producer will also be negatively affected, sending a warning bell to Chinese copper tube and pipe producers' expansion efforts in overseas markets .

 

Copyright © SMM. All Rights Reserved

None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: service.en@smm.cn