The U.S. International Trade Commission (ITC) voted in late June to continue the existing countervailing duty order on circular welded pipe and tube from Turkey; the existing antidumping duty orders on circular welded pipe and tube from Brazil, India, Korea, Mexico, Taiwan, Thailand, and Turkey; and the existing antidumping duty order on light-walled rectangular pipe and tube from Taiwan.
The International Stainless Steel Forum has announced that world stainless crude steel production in the first quarter of 2006 stood at a record 6.6 million metric tons.
China's stunning economic growth in recent years, particularly in the manufacturing sector, has increased the country's demand for energy and other commodities, which has affected wider global commodity markets in complex ways.
A new study sponsored by four organizations representing steel producers documents the artificial advantages fueling the unprecedented 170% growth rate of the Chinese steel industry from 2000 to 2005. The China Syndrome: How Subsidies and Government Intervention Created the World's Largest Steel Industry details the impact on the U.S. economy of subsidies in the form of tax refunds, cash grants, preferential loans, currency manipulation, discounted interest rates and other preferential Chinese policies on the competitiveness of the international steel market.
California Assembly Bill 1953, which calls for the reduction of lead content in plumbing pipes, fittings and fixtures to no more than 0.25%, passed the state House by one vote
RSS