Anti-Dumping?? Quick Vote?
Just passing along some skuttlebutt that passed by my ears. Like many other people, I thought for certain that there would be some tariff passed along due to the Nucor petition. The speaker at the North Coast Fastener Association meeting suggested that the probability was quite high, based on other cases he had seen. So, what happened?? A 6-0 slam dunk. No questions asked. As the great basketball commentator Austin Carr would say, "Get that weak stuff outa here!"
Most people agree that Nucor asked for too much. Too many products included, maybe too much in tariffs. But few people thought that they had NO case. And, many have suggested that Nucor will again file so the importers and distributors of the nation need to be aware of this.
But why so quick? Why 6-0? Why not a small tariff until it could be examined more fully?
The skuttlebutt I am referring to is that our President is headed to Asia for a week of meetings and the quick rejection of Nucor's petition was in part a political move before the trip.
A news report on Reuters mentions that the U.S. International Trade Commission voted 6-0 to back the Commerce Department's investigation into allegations Chinese and Indonesian companies are selling coated paper used for magazines and greeting cards at unfairly low prices.
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0617027720091106
I see that the Anti-Dumping meeting is still scheduled for the Las Vegas Fastener Show. Although the storm has seemed to pass for the time being, I think there will be others developing down the road.
Most people agree that Nucor asked for too much. Too many products included, maybe too much in tariffs. But few people thought that they had NO case. And, many have suggested that Nucor will again file so the importers and distributors of the nation need to be aware of this.
But why so quick? Why 6-0? Why not a small tariff until it could be examined more fully?
The skuttlebutt I am referring to is that our President is headed to Asia for a week of meetings and the quick rejection of Nucor's petition was in part a political move before the trip.
A news report on Reuters mentions that the U.S. International Trade Commission voted 6-0 to back the Commerce Department's investigation into allegations Chinese and Indonesian companies are selling coated paper used for magazines and greeting cards at unfairly low prices.
It also approved an investigation of charges Chinese producers are "dumping" three types of salts in the United States.
Yet, the article then notes that the Nucor petition was rejected.http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0617027720091106
I see that the Anti-Dumping meeting is still scheduled for the Las Vegas Fastener Show. Although the storm has seemed to pass for the time being, I think there will be others developing down the road.
TS -
Yes, indeed, the Antidumping Panel Discussion is definitely a "go" at the National Industrial Fastener Show/West, November 16-18 in Las Vegas.
The discussion is scheduled for 4:00 to 5:00 p.m. Monday, November 16 in Mandalay Bay Ballroom F at the Mandalay Bay Convention Center...followed by the big Welcome Reception with complimentary food and drinks for all registered Show exhibitors and visitors wearing a badge.
Incidentally, Friday, November 13 is the last day to register online and save $10. Online registration is easy, fast and secure.
Avoid standing in line at the Show and save 10 bucks. Register NOW at www.fastenershows.com.
"See 'ya in 'Vegas!"
Jim Bannister
General Partner
National Industrial Fastener Show
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About the 6-0. difficult to tell....
But European manufacturers having fired first against China Fasteners with a significant antidumping rate of 85% in feb 2009, the US would bear the responsability to "kill" the remaining export from China Fasteners.
Can you imagine that in the WTO discussions between US and China representatives ?
The pressure would certainly be huge !
This question is quite "funny" - last year, right in the middle of the NIFS, all European companies were not talking about the election of the new President Obama but about the released news of the rates that could be applied on import from China ! ev. applied 3 months later...
a last detail about the vote results : was somethink like 14 for, 13 against. with small countries like Malta taking part to the vote and voting "for"... Can you imagine the intense lobby to get that vote !
See you next week in Vegas !
Daniel
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