The two announcement released today by the Jinzhou pipeline can be described as "excellent" foreign aggression: Coal Science and Industry signed a 142 million pipeline contract was Australian anti-dumping investigations, and may be subject to countervailing duties.
Announcement recently and Coal Science and Industry, Shaanxi Coal God Wei pipeline transporting coal project design, procurement, construction (EPC) contract projects "the signing of the sales procurement contracts. The project annual coal handling 10 million tons, the line length of 727 km. The delivery period of the contract plan for 18 months, the sales revenue of approximately $ 1.42 billion, accounting for 4.47% of the total operating revenue of Jinzhou pipeline last year.
Meanwhile, the The Jinzhou pipeline today announced that the July 3, the Australian Customs announced that the Australian Customs and Border Protection Agency has completed its anti-dumping investigation on the part of the hollow structural steel tubing from China and other countries and from China is countervailing duty investigations of the product under investigation. Australian Customs and Border Protection Department's proposal to impose anti-dumping duties on the investigated products from China and other countries, and the investigated products from China to impose countervailing duties.
However, little proportion of sales revenue in Australia accounting for business, the little plus tax margin changes, the company said the imposition of countervailing duties on the company has little effect.
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