Ministry of Commerce announces anti-dumping preliminary ruling on US and South Korea

Summary July 18 afternoon, the Ministry of Commerce issued Notice No. 48 of the year, to announce preliminary decision from the United States and South Korea imports of solar-grade polysilicon anti-dumping investigation. Judging from the specific implementation rules announced, the tax rate of US companies
On the afternoon of July 18, the Ministry of Commerce issued the Announcement No. 48 of the year to announce the preliminary decision on the anti-dumping investigation on solar-grade polysilicon imported from the United States and South Korea.

Judging from the specific implementation rules announced, the tax rate of US companies is generally higher than that of Korean companies. Among them, the US MEMC Pasadena Co., Ltd. and Hemlock Semiconductor Company were charged 53.7% anti-dumping duties. US REC and AE Polysilicon Corporation will be subject to a 57% anti-dumping duty along with other companies.

At the same time, South Korea's largest polysilicon producer OCI Co., Ltd. was only subject to a 2.4% anti-dumping duty, and Korea Silicon Industries Co., Ltd. was imposed a 2.8% anti-dumping duty. KCC Corp. and Korean Advanced and Innovation Silicon Co., Ltd. were With an anti-dumping duty of 48.7%, Xiongjin Polysilicon Co., Ltd. and other companies were subject to a 12.3% anti-dumping duty.

It is worth noting that the anti-dumping preliminary ruling on the import of polysilicon from the EU has not been announced at the same time. An industry insider reporter explained to reporters that the case of separate anti-dumping cases against the EU and the United States and South Korea is not the same case, so it will be decided separately.
At present, the EU's export of PV products to China has also entered a critical moment. According to the above sources, this week, Chinese Commerce Minister Gao Hucheng and EU Trade Commissioner Karel DeGucht will hold a long conference call. "In fact, the anti-dumping tax rate on the US and South Korea polysilicon is now a bargaining chip." The above-mentioned person told reporters.

It is reported that the European Commission is planning to inform EU member states of the progress of the negotiations this weekend. In order to find a possible trade dispute solution, the European Commission has clearly compromised China and is currently awaiting a response from China. Earlier this week, according to the German news agency DPA, a confidential EU document showed that the European Commission had made some concessions to the Chinese side.

Overall, Korean companies have a lower tax rate than the US, especially OCI has a tax rate of only 2.4%.

In response to the application of the domestic polysilicon industry, the anti-dumping investigation on solar grade polysilicon originating in the United States and South Korea was announced by the Ministry of Commerce on July 20, 2012. After an objective and impartial investigation, the Ministry of Commerce determined that during the investigation period, imported solar-grade polysilicon products originating in the United States and South Korea were dumped, and China's domestic polysilicon industry suffered substantial damage, and there was a causal relationship between dumping and substantial damage.

According to the survey results, the Ministry of Commerce decided to take temporary marginal anti-dumping measures against imported solar grade polysilicon from the United States and South Korea from July 24, 2013. When importing the products under investigation from the above sources, the import operator shall submit the corresponding deposit to the Chinese Customs according to the dumping margin determined by the preliminary decision.

For the reason that the US tax rate is much higher than that of South Korea, an industry analyst told reporters that OCI only played a role in the preliminary ruling. The overall situation is that the existing Korean won-renminbi currency swap agreement between Korea and China will be extended. Three years.

Jiangsu Zhongneng Silicon currently accounts for more than 80% of the polysilicon production capacity in China, and is the main initiator of the US-South Korea polysilicon double-reverse. Its deputy general manager Lu Jinbiao expressed his gratitude for the results. He believed that the preliminary ruling safeguarded the legitimate rights and interests of the national industry.

According to the statistics obtained by reporters from the customs, from January to May this year, China imported 8150 tons of polysilicon from South Korea, imported 10,000 tons of polysilicon from Germany, and imported 11,500 tons of polysilicon from the United States. . Therefore, the preliminary results of the European polysilicon double-reverse are crucial.

The Ministry of Commerce’s filing of the import of polysilicon for the European Union was on November 1, 2012. An industry insider told reporters that the preliminary ruling on EU polysilicon anti-dumping will likely be announced next week.

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