Economy
US: Chinese drill pipe threaten US industry
Updated: 2011-02-08 08:31
(Xinhua)
WASHINGTON - The US International Trade Commission (USITC) determined Monday that imports of drill pipe and drill collars from China threatened the US industry with material injury.
On January 4, the US Commerce Department announced its affirmative final determinations in the anti-dumping duty and countervailing duty investigations on imports of drill pipe from China. The department determined that Chinese producers and exporters had sold drill pipe in the United States at margins ranging between 0.00 and 69.32 percent, while they have received countervailable subsidies of 18.18 percent ad valorem.
In the anti-dumping investigation, mandatory respondent China's DP Master Manufacturing Co, Ltd. and Jiangyin Liangda Drill Pipe Co, Ltd. received a dumping rate of 69.32 percent. Baoshan Iron and Steel Co, Ltd. as well as Shanxi Yida Special Steel Imp. and Exp. Co, Ltd. each received a dumping rate of 0.00 percent, according to the department.
The USITC did not specify the combined value of imported drill pipe and drill collars from China in the statement. A determination will be considered as affirmative if there is a 3-3 voting result within the USITC Commissioners.
Drill pipe and drill collars are hollow drill string components used in drilling rigs, particularly those intended to extract oil and gas, to transmit power and conduct lubricant during the drilling process.
Specials
Earthquake Hits Japan
A massive 8.8 magnitude quake hit the northeast coast of Japan on March 11,2011.
NPC & CPPCC sessions
Lawmakers and political advisers gather in Beijing to discuss major issues.
Pictures: quake aftermath
A massive earthquake hit Japan hard, leaving thousands dead.