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Has the United States stopped anti-dumping against China rims?
On 2011March 3 1, Accuride and Hayes Lemmerz International filed complaints with the US International Trade Commission and the US Department of Commerce, demanding anti-dumping and countervailing investigations on steel wheels (with a diameter of 18-24.5 inches) exported from China. On April 20, 20 1 1, the US Department of Commerce officially filed a case. On March 9th, 20 12, US time, the US Department of Commerce ruled that the manufacturers or exporters of steel wheels in China had dumping behavior when selling steel wheels in the United States. Shandong Xingmin Steel Ring Co., Ltd. applies anti-dumping duty rate of 63.94% and countervailing duty rate of 32.62%.
According to the investigation procedure in the United States, in addition to the Ministry of Commerce, the United States International Trade Commission is required to make a final ruling. According to the current schedule, the US International Trade Commission is scheduled to make a final ruling around April 30th. If the Committee also makes a positive final ruling that such products exported from China have caused substantial damage or threat to related industries in the United States, the US Department of Commerce will ask the customs to impose "double-reverse" tariffs on related products.
Xingmin rims are mainly sold by domestic OEMs. According to the company's statistics, the company's 20 1 1 products of this scale exported to the United States achieved sales of RMB 5,793,909.61,accounting for only 0.38% of the company's 201operating income, and will not have a substantial impact on the company's performance.
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