Chinese Steel Firms Cleared in US Anti-Dumping Probe

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Last updated at: (Beijing Time) Monday, June 03, 2002

Chinese Steel Firms Cleared in US Anti-Dumping Probe

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Two Chinese steel firms have been cleared by the U.S. Department of Commerce in its anti-dumping investigation, O'Melveny & Myers LLP, U.S. law firm and agent of the Chinese firms, announced Monday in Shanghai.

The ruling means that the two firms, the Ma'anshan Iron & SteelCompany and the Weifang Steel Tube Company, will face no restrictions in exports to the U.S. and will be exempt from punitive anti-dumping tariffs.

In its preliminary probe, the U.S. authority had ordered that a153 percent anti-dumping tariff be imposed on products of Ma'anshan Iron & Steel Company exported to the U.S..

The experience of the two firms shows that more Chinese companies should be encouraged to act against foreign anti-dumpingaccusations, said Patric Norton, head of the U.S. law firm's Shanghai office.

As China rises as a major world manufacturing center, its firmsare facing more anti-dumping probes by foreign countries.

Chinese firms used to decline actions against such probes for fear of the troublesome legal proceedings which they are not familiar with.

The victory of the two firms means that Chinese firms can win in anti-dumping probes, if only they are willing to take action, Norton said.

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