Suzhou Tai Li Precision fastener Co.,Ltd.

Suzhou Taili Precision

Fastener Co., Ltd.

 

Address: mingyang road, beiqiao industrial park, xiangcheng district, suzhou

Tel:0512-65718888 65997066

Phone:18913580666(Mr. Hu) 

              18015512351(WeChat)

E-mail:GM@

Web:www.


 

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NEWS

China's fastener industry: block barriers
China
TheEU'santi-dumpingcaseagainstChinesefastenerproductshasbeenonfileformorethansevenyears.Itisthefirsttimein30yearsthatChinahaschallengedtheWTOtoabusethesubstitutecountryandwinthecase.WhiletheEUabusedanti-dumpingrulesagainstChina,italsodumpedfastenerstoChinaandwasleviedanti-dumpingdutiesbyChina.TheWTOwillmakeafinalrulingagainsttheEUanti-dumpingcaseagainstChinafromJulytoAugustthisyear.However,theEUissuedanoticeofthefinalreviewofthecarbonsteelfastenersunsetreviewonMarch27,anddecidedtocontinuetotightenthecarbonsteeloriginatingfromChina.Themaintenanceofanti-dumpingsanctionshasshockedtheChineseindustry. OnMarch27th,theEuropeanCommissionissuedanoticeonthefinalreviewoftheanti-dumpingsunsetreviewofcarbonsteelfasteners,anddecidedtomaintainanti-dumpingsanctionsoncarbonsteelfastenersoriginatinginChinaandcontinuetoimposehighanti-dumpingdutiesonthem.IndustryinsiderssaidthattheEuropeanCommissiondisregardedthejudgmentstobemadebytheWTOexpertgroup,andtheintentionaltradeprotectionismmadetheChinesefastenerindustryshocked.Atpresent,therearemorethan8,000enterprisesinChina'sfastenerindustry.TheEuropeanCommission'sinitiativewillmakeatleastone-thirdofenterprisessufferabigimpact.Recently,theChinaChamberofCommerceforImportandExportofMechanicalandElectricalProductsandtheFastenersBranchofChinaMachineryGeneralPartsIndustryAssociationjointlyissuedastatement,hopingthattheEuropeanCommissioncanfullyabidebytheWTOrulesandcorrectthewrongpracticesintheinvestigationofcases.Atthesametime,wealsohopethatthefastenerindustryinCentralEuropewillworktogethertoresolvetradefrictionsandachieveawin-winsituation. Sucha"finalruling"isshocking OnMarch27th,theEuropeanCommissionannouncedthefinalrulingonthefinalreviewofimportedcarbonsteelfastenersfromChina.ItbelievesthatduetoChina'sidleproductioncapacity,Chineseproductscontinuetobedumpedatlowpricesinmanythirdcountriesandregions,anddomesticindustriescontinuetoexpand.Production,productstructuredevelopmentandtraderemedymeasuresforChineseproductsinthirdcountries.Ontheotherhand,althoughtheEUindustryhasdevelopedsteadilyduringthedamageinvestigationperiod,theEUindustryisstillfragileduetostagnantdemandandlowprofitmargins.ConsideringthatthecurrentshareofChineseproductsintheEUmarketisverylow,oncethetradereliefsanctionsareliftedItislikelytocauseChineseproductstoentertheEUmarketagainatalowprice,thuscausingdamagetotheEUindustry.
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