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Stainless steel imports from China showing substantial growth

In Uncategorized on May 26, 2009 at 4:25 pm

U.S. producers comprising the Stainless Steel Tube Trade Advancement Committee (SSTTAC) noted that, despite the significant recession in the United States, imports of stainless steel pipe and tube showed substantial growth in early 2009 over 2008.
According to David A. Hartquist, the SSTTAC’s legal counsel, “Despite the substantial economic downturn globally and in the United States, imports from China increased almost 20 percent in the first two months of 2009 compared to the same period in 2008. China remains by far the largest foreign supplier of the material produced by our member companies, accounting for nearly half of total imports. Chinese producers are also moving into high-nickel seamless tubing.”
Hartquist added, “Chinese pricing remains substantially below that of other significant foreign and domestic producers. With an average unit value of $8,000 a ton for small diameter seamless stainless tubing, Chinese producers may well be dumping their product in our market. The Chinese government provides a wide range of subsidies to Chinese steel producers, including undervaluation of their currency, the yuan, at roughly 35 percent.

This is unfair competition,” he said.
David A. Hartquist is senior partner and chairman of the International Trade and Customs practice group in the Washington, D.C. office of Kelley Drye & Warren LLP. Mr. Hartquist has over 30 years of experience on international trade issues and has filed many successful trade cases against Chinese producers. The Stainless Steel Tube Trade Advancement Committee, formerly known as the Seamless Stainless Tube Trade Action Committee, comprises U.S. producers of seamless stainless steel pipe and tubing.

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