The us Commerce Department to make initial award, that China steel wheel existence lose beauty dumping behavior. The us Commerce Department after the preliminary ruling, China steel wheel producers or exporters sales in the United States steel wheel are dumping behavior, dumping ranging from 110.58% to 193.54%. According to the us program, in addition to the us department of commerce, trade relief case still need by another trade management agencies the United States international trade commission to make a decision. According to the current schedule, the United States in 2012, the ministry of commerce will make final decision on March, international trade commission will on April 23, 2012 to make the us Commerce Department documents about the final last year, according to the United States imports from China steel wheel is worth around $80.4 million, the is about 60.89 million dollars
China steel prices after the downturn could extend their fall to lowest level in 10 months, prompting producers in the world's biggest consumer of alloy maintenance or reduce output put forward, analysts said. Hot-rolled coil, of 4538 yuan (us $712) per metric ton on October 14,, the lowest since December 20, according to the researchers antaike information development co LTD, Beijing benchmark products have been down, because of 4837 yuan at the end of August, data compiled by bloomberg performance. Prices fell on the global economic slowdown and adjust the needs of construction in China may inhibit the consumption. Recession began to squeeze profits, angang steel Co., ltd., the hong Kong Chinese steel makers Kong-traded the biggest market value, says its 9 and 10 net income may be falling 91% from a year earlier. "Steel is not willing to cut production, until they see negative profits--one reason, we believe that the steel prices have not reached a bottom," Shirley zhao and Henry liu, Hong Kong Mirae asset securities analysts said today, in an E-mail note. China's steel enterprises produced 1.64 million tons of the building materials one day in the first 10 days in October, up 0.2% to 10 days ago, Custeel.com said, citing data from China's steel industry association released today. Angang fell Angang steel drop as much as 3.3% to $5.06 and $5.10 to trade the price, 3:08 PM in Hong Kong, and 1.5% of the profit in the benchmark hang seng index. The company has been downgraded to "neutral" and "deal to buy" in OSK (Asia) securities after nine months of profits may be said, it's dropped dramatically. Baoshan iron and steel Co., LTD, China's largest listed steel makers, October 12, this says price keep most of its product unchanged. In November, over two months of growth. "By the factory price may be higher than the spot price is still profitable, so steel enterprise at the The department preliminarily determined that Chinese producers and exporters have sold steel wheels at margins ranging from 110. 58 to 193.54 percent ad valorem. Imports of steel wheels from China were valued at an estimated $80.4 million. The department said it is scheduled to make its final determination in March 2012. If the department makes an affirmative final determination, and the US International Trade Commission (ITC) makes an affirmative final determination that imports of steel wheels from China materially injure or threaten material injury to, the US industry, the department will issue an AD order. The ITC is scheduled to make its final injury determination on or about April 23, 2012. With the US economy recovering at a slow pace, the protectionism moves by the world's largest economy are on the rise.  moment," said hu inkstone, Custeel.com analysts.  



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