Watch VideoPlay Video
The U.S. International Trade Commission has found in favor of a Dalian steel company, in an anti-dumping case against the U.S. Department of Commerce. This is first time that the trade panel has ruled that Chinese steel products aren't harmful to the U.S. industry.
Dalian Eastfound Metal Products Company is China's largest exporter of metal wire decking to the U.S. market. In June last year, the U.S. Department of Commerce slapped dumping charges on more than 20 Chinese firms, including Dalian Eastfound. Last month, the department announced it would impose duties ranging from 14 percent to 437 percent.
Jiang Ming, Sales Director of Dalian Eastfound Metal Products said "That basically meant the U.S. market was closed to us. We can't sell products there anymore. 400 of our employees will lose their jobs."
But Dalian Eastfound decided to appeal the decision, submitting detailed materials in its defense. The U.S. International Trade Commission allowed the appeal, voting 4-2 that U.S. producers didn't suffer injury or threat of injury as a result of steel imports from China.
Fan Huisheng, Vice GM of Dalian Eastfound Metal Products said "As an exporting firm, we not only have to produce, but we should be aware of international trade regulations and adhere to them."
Dalian manufacturers are highly reliant on exports. But in 2009, they were rocked by 4 anti-dumping cases. Dalian industry officials say businesses should actively respond to lawsuits. They also recommend Chinese manufacturers to invest in research and development, in order to build their own brands.
- China steel mill urges fair market in US 2010-07-09