Recently, the Ministry of Commerce of the People's Republic of China issued an announcement to impose an anti-dumping duty ranging from 6.1% to 26.0% on carbon steel fasteners imported from the European Union for a period of five years. In response to such a ruling, EU importers denied that their exports had caused damage to China's related industries and claimed that the ruling was too heavy.
Song Heping, inspector of the Industrial Injury Investigation Bureau of the Ministry of Commerce, clearly stated: "In the course of the investigation, the investigation authority carefully read and studied the materials submitted by the applicant and various stakeholders. After the pre-trial and final ruling Verification, the results show that although some indicators such as production, production capacity and sales volume of the relevant enterprises performed well during the investigation period, the damage to China's domestic industry was very obvious in terms of operating rate, inventory, profit and industrial development.
According to Song Heping, due to the impact of the products under investigation, during the investigation period, the average operating rate of similar products of 15 key sampling enterprises was 80.57% in 2005, and 75.90% in January-September 2008, a decrease of 4.67% compared with 2005. In the verification, the investigation agency found that the situation of a certain enterprise was more serious. In 2005, the operating rate was only 41%, and from January to September 2008, it was down to 36%. At the same time, corporate inventories have grown substantially. On December 23, 2009, the Ministry of Commerce of the People's Republic of China issued the No. 115 announcement in 2009, promulgating the preliminary decision on the anti-dumping investigation of carbon steel fasteners, and found that the imported carbon steel fasteners originating in the EU were dumped and decided to The product is subject to temporary anti-dumping measures in the form of margin. "China's fastener industry has developed very well after the initial ruling, mainly in three aspects. First, the fastener orders have rebounded after the initial ruling, especially for high-strength fasteners and special-shaped vehicles for automobiles, electronic appliances and engineering machinery. The demand for the increase is second; the second is the investment in the enterprise; the third is the accelerated pace of product upgrades. Some domestic automakers have turned their purchases to the domestic market, which has brought new development opportunities to the company's product upgrades," said Song Heping.
It is understood that fasteners are mechanical basic parts and are known as "industrial rice." Global fastener demand is mainly distributed in North America, Europe and Asia. At present, due to the gradual improvement of manufacturing technology in Asia and relatively low labor costs, the global fastener industry division of labor is changing. While North America and Europe are exporting high-end fasteners to Asia, they are shifting production to Asia. It is expected that competition will become more intense in the future.
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