The new network in Beijing, 29 June: 28, China Ministry of Commerce issued a notice of decision zhongcai from today, on imports from the EU carbon steel fasteners levy 6.1% to 26.0% anti-dumping duty for a period of 5 years.
Department of Commerce, industrial injury investigation Board Inspector song peace interview, said that this case zhongcai on China's fastener industry of normal production, management and recovery of equitable trade order of significance, is conducive to enterprise and maintaining fair competition mechanism, enabling enterprises to continuously improve product technology and quality level, based on the expansion of the product's market share to meet the market demand, thereby enhancing China's fastener industry's international competitiveness.
Fastener screw nut, is commonly known as the basic mechanical parts, known as the "industry of m", the space shuttle, automotive and mechanical equipment, small tables and chairs stools, has its shadow. The industry is a labour-intensive, capital intensive and high-tech strategic industry, the world has attached great importance to their development.
China is the world's largest producer of fasteners. 2007 all-calibre yield national fastener 520 million tons, sales 490 billion exports 32.5 billion. At present, China's fastener production and trade enterprise nearly 1 in 000, 100 000 contribution to higher employment. Domestic production of carbon steel fasteners used primarily for the automotive industry, electronic products, electronic equipment, machinery and equipment, construction and general industry uses.
Song of peace pointed out that in recent years China's fastener industry is in rapid development, the formation of independent innovation capacity of key stage, foreign manufacturers willing to dumping and unfair means to seize the Chinese domestic market, the domestic fastener industry is greatly impact and challenges.
Global fastener needs mainly in North America, Europe and Asia. Due to Asia's manufacturing technology level gradually improve, and relatively inexpensive labour cost, global fasteners industrial division structure is changing. Song of peace, North America, Europe, exports to Asia for high-end fasteners, also will upscale fastener production transfer to Asia, the next competition will be fierce.
December 1, 2008, China machinery General parts industry association fastener Association representative domestic carbon steel fasteners industry submitted an application to the Department of Commerce requests originating in the European Union's imports of carbon steel fasteners for anti-dumping investigation. Guangdong Province, Ningbo, Wenzhou, jiaxing and Hebei yongnian County fasteners, standard Association and member companies also support applications. Song of peace, this is domestic fastener industry in the face of foreign unfair competition law at the time of pick up weapons to maintain its own legitimate interests.
After careful reading research applicants and interested parties to submit the materials and the preliminary and final Conference before a field verification, the investigating authorities considered that the survey period although output, productivity, sales, and other parts of the index performance is good, but from the operating rate, inventory, profit, industry development, China's domestic industries very obvious damage. Therefore ultimately finds that the EU imports of carbon steel fasteners to the domestic industry resulted in substantial damage to the main findings are:
— In China's domestic consumption growth of domestic fastener industry appeared to start seriously inadequate, Enterprise Inventory increased. From the beginning of 2005, the China iron and steel, machinery, automobile industry and railways, roads and other infrastructure development of rapid, domestic fastener apparent consumption is rapid growth trend, but domestic industry operating rate was declining. The survey period, 15 key sample enterprises like product average starts 2005 80.57%, 2008-September 75.90% decrease compared to 2005 4.67 percentage. At the same time, the enterprise inventory growth 15 key sample enterprises like product inventory at the end of 2005 to 5.90 million tons, 2008-September 12.83 million tons, from 2005 6.93 million tons more.
— — Chinese national industry deficit, causing the rate of return on investment and cash flow deteriorated. Although the survey period, China's rapid economic development, automotive, electronics and other downstream users, industry trends, rendered prosperity but China domestic like product's pre-tax profit was a negative, assumes loss trend. 15 key sample enterprises from 2005 to 2008 1-9 month cumulative losses 1.5 billion.
— China's fastener industry development. At present, China's domestic demand for fasteners, but because the EU is to investigate the numerous product and price suppression, domestic enterprises to marginalized and suppression, cannot achieve the desired level of reasonable profit, thus even long-term losses cannot be upgraded equipment and improve the production process. After verification, some enterprises to build automotive fastener project has been shelved, investment costs cannot be amortized, have exacerbated the loss of the enterprise. Investigation products enable domestic industry investment profitability and cash flow will not be able to reflect on the Chinese domestic market in connection with the continued growth of demand for the product, this trend has seriously undermined national carbon steel fasteners industry development.
In the present case investigation, the investigating authorities after extensive investigation, found the survey period domestic industry injury indicators of the deterioration of the product under investigation are and the substantial growth of imports and market share, price suppression, etc. in time and extent in sync. Therefore, ultimately finds that the EU imports of carbon steel fasteners, dumping and China carbon steel fasteners industry suffered substantial damage to the existence of a causal relationship between.
According to the present case, the song of peace after the preliminary fastener industry development, mainly in three respects. A rebound in the order, in particular for the automotive, electronics and engineering machinery accessories, high-strength fasteners and fittings demand; two is the enterprise investment growth; third, the pace of product upgrades. Preliminary, the domestic part of automobile manufacturing plant will procure to domestic, upgrading to enterprise products brings new opportunities for development.
7 may, the EU is China's EU imports of carbon steel fasteners imposed provisional anti-dumping tax measures put forward in the WTO dispute settlement mechanism of consultation request. On this, the Department of Commerce officials from the Ministry,
Reaffirms that China has consistently supported free trade, and the law on unfair competition trade remedy measures taken to maintain normal trade order. China on EU imports of carbon steel fasteners investigation pursuant to Chinese laws, in domestic industry appeals and applications launched, in full compliance with international rules. China will in the WTO dispute settlement mechanism, within the framework of the consultations with the EU, the maintenance of domestic fastener industry's legitimate rights and interests, to the development of the industry towards a fair competitive environment.
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