SMM10 25: Washington time on October 18, the United States Department of Commerce issued a notice on the stainless steel beer barrels originating in China to make a final countervailing anti-dumping verdict. Under the strong response of our government and enterprises, the dumping margin of Ningbo famous craftsmen International Trading Co., Ltd. and two other enterprises that received separate duty rate was 0, and the national uniform tax rate was 77.13%. In the aspect of countervailing, the subsidy rate of Ningbo famous craftsmen and other Chinese enterprises is 16.21%, and the tax rate of non-cooperative enterprises is 145.23%.
According to US statistics, the amount of exports of our products to the United States in 2017 was about 18.1 million US dollars. According to the US investigation procedure, the US International Trade Commission will make a final verdict on the case by December 2, 2019.
According to SMM, in 2018, China's total stainless steel exports were about 3.85 million tons, of which 0.18 percent of the stainless steel exported to the United States accounted for about 7000 tons. This time, the United States made a final countervailing and anti-dumping ruling on stainless steel beer barrels originating in China, which had little direct impact on China's stainless steel exports.
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