Peru to impose anti-dumping duties on Chinese steel tube imports

Published: Apr 23, 2015 17:17

Save

The Peruvian anti-dumping agency, Indecopi, on Tuesday decided to impose anti-dumping duties on imports of hot-rolled steel tubes from China for a period of three years.

Author: Paul Ploumis23 Apr 2015 Last updated at 03:53:15 GMT

LIMA (Scrap Monster): The Peruvian anti-dumping agency, Indecopi, on Tuesday decided to impose anti-dumping duties on imports of hot-rolled steel tubes from China for a period of three years. The duties will be applicable for imported round, square and rectangular welded tubes of thickness ranging from 1.55 mm to 6 mm.

The major Chinese exporting companies- Tianjin Youfa International Trade Co., Tianjin Youfa Steel Pipe Group Co., NO. 2 Branch Co and Tianjin Youfa Dezhong Steel Pipe Co. will face a duty of $60/mt. Also, Tianjin Zhihengtai Steel Co. and all other Chinese firms will face a duty of $89.80 per mt.

According to the agency, the imports of steel tubes from China surged significantly during recent times. Statistics indicate that the market share of Chinese products almost doubled from 20.2% in 2010 to 38.9% between January and September 2013. The anti-dumping investigation which began in June 2013 had determined that the dumping of Chinese products into Peruvian market damaged the domestic producers.

The investigations followed complaints filed by Tupemesa, a subsidiary of Chile's integrated steel group CAP, alleging that increased imports of these products had hurt their business and margins.

Peru China steel export

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

24 mins ago

Copper Inventories in China's Major Regions Continued Destocking for Seven Consecutive Weeks [SMM Weekly Data]

24 mins ago

1 hour ago

Early Market Trading Volume Declined Overall, Demand Weakened but Transaction Center Held Steady [SMM Yangshan Spot Copper]

1 hour ago

2 hours ago

Tight Bill Supply Led Suppliers to Hold Back from Selling, Shanghai Spot Copper May Continue to Stay Relatively Strong

From the invoice structure perspective, the current tight supply of cargoes with invoices dated this month in the Shanghai spot copper market showed no signs of easing. Suppliers generally raised their quotes for cargoes with invoices dated this month, and low-priced sources were hard to find. Some downstream enterprises, to ensure the issuance of invoices for the current month, preferred to purchase directly from smelters, diverting some spot demand away from the trading market. From the supplier behavior perspective, with month-end settlement approaching, some suppliers showed low enthusiasm for shipments and held back from selling, further tightening available sources in circulation. Demand side, the Labour Day holiday falls next week, and downstream enterprises have pre-holiday stockpiling demand. Procurement may see some increase, with the preference for cargoes with invoices dated this month set to intensify the structural tightness in the spot market. Overall, under the combined effects of invoice shortages, suppliers holding back from selling, and pre-holiday stockpiling, spot prices against the SHFE copper 2605 contract are expected to maintain a premium tomorrow, continuing the overall firm trend.

2 hours ago