U.S. exports levy on steel grating anti-dumping duties
U.S. exports levy on steel grating anti-dumping duties steel grating industry and company effects. Grating due to domestic companies to do the basic processing is the production, it is expected for the grating some impact on this sub-sector, listed companies Xinxing Ductile Iron Pipes grating 2008 output of 7.2 million tons, is the "largest the largest output, exports the largest and most capable "leader in the production of grating .
Obama October 28, 2009 on imports from China of steel products worth $ 269 million imposed preliminary anti-dumping duties. The anti-dumping duty rate of 7.44% ~ 12.06%, including the grating, and prestressed concrete strand
U.S. exports to the grating aa levy anti-dumping duties steel grating industry and company effects. Grating due to domestic companies to do the basic processing is the production, it is expected for the grating some impact on this sub-sector, listed companies Xinxing Ductile Iron Pipes [6.95 -1.70%] 2008 grating output of 7.2 million tons, is the "largest and the largest output, exports the largest, most powerful" leader in the production of steel grating, steel grating is the first export. Xinxing Ductile Iron Pipes, but we do not know the specific amount of exports to the United States. It is estimated that domestic production of grating should be 40 million tons, therefore, from the volume point of view, to some extent.
However, because of the grating is only 7.44% tax rate, and the first three quarters of view, only grating production company 3% of all products, we believe that the actual impact on the company and should not, but may reduce the steel frame plate margins. In addition, Xinxing Ductile Iron Pipes apparently felt the United States launched the grating for the investigation of anti-dumping countervailing changes in the market, or feel the financial crisis grating changes in the market, because in the July 3, 2009, the company applied " annual output of 80,000 tons of steel grating construction project to extend the period of instructions "to get the approval of Development and Reform Commission
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