preliminary drill pipe products in China to make anti-dumping emergencies. August 18, the U.S. Department of Commerce anti-dumping an emergency preliminary ruling on the drill pipe products originating in China, there is evidence that the Jiangyin Dema Manchester drill Co., Ltd., Baoshan Iron & Steel Co., Ltd., a separate tax rate to the applicant and applicable The general tax rates enterprises in a relatively short period of time there are a large number of import ", the U.S. Commerce Department has reason to believe or suspect that the Chinese involved in rate of enterprises in emergencies. According to the affirmative determination, the U.S. Commerce Department will notify the U.S. Customs and Border Protection to suspend liquidation of Import & Export Co., Ltd. Shanxi Yi Dart steel enterprises involved.
Karnataka every year about 50% of the total iron ore exports by rail, by the rainy season and Karnataka restrict iron ore exports, India iron ore export shipments fell ore spot prices to rise, the decline in revenue of the railway sector. As of March 31, 2010, 2009/10 fiscal year, the state rail transport of iron ore exports 22 million tons, the railway sector revenue of 23 billion rupees net profit of 13 billion rupees. It is estimated that if the state does not abolish the ban on iron ore exports, the transport sector (including rail and road), possible loss of revenue of 55 billion rupees. Nearly a month of export restrictions has led to the decline in revenue of 20 billion rupees Indian Railways.
However, other iron ore Origin of Karnataka ban would restrict iron ore exports India state of Orissa, Jharkhand and Goa benefit. Expected that the next two to three weeks, the supply of iron ore mines in Goa will increase substantially. At the same time, Brazil and Australia, China will export more iron ore. Brazil and Australia, rental of iron ore transport number of Capesize vessels increased significantly, apparently most of the new iron ore vessels to China.
At present, Indonesia is to attract the attention of a number of large international companies. The world's largest steel mill ArcelorMittal is considering to invest 5 billion U.S. dollars in Indonesia, the South Korean Pohang Iron and Steel Company to enter the Indonesian market through a joint venture plant, and looking for more raw materials investments, while South Korea's Hankook Tire plans to invest $ 1 billion to build tire plant plan is expected in the second half results. Recently, there is news that the China Investment Corporation (CIC) may invest $ 25 billion to Indonesia planned initial investment of $ 2,000,000,000 for coal, electricity and port projects.
Karnataka is India's second largest iron ore producing region, until the end of March this year, 2009-10 fiscal year, 215 million tons of iron ore production in India the state produced 45.94 million tons, accounting for 21.4 percent of India's total output; Karnataka annually exports about 45 million tons of iron ore, nearly 30% of the total Indian exports. In the first half of this year, China's iron ore imports, the Indian mine 65 million tons, more than 20% of the total imports has surpassed Brazil to become China's second-largest importer of iron ore.
, the Indian state of Karnataka to restrict ore exports has become increasingly apparent
Indonesia has a rich palm oil, copper, iron ore, coal and timber resources, the Chinese demand for these resources. To meet demand, China is stepping up its resource investment in Australia and Canada, Indonesia, Southeast Asia, emerging markets, with potentially attractive investment. Indonesian local infrastructure, official corruption, bureaucracy and inflexible labor laws are still investors are worried about, is also a limit to Indonesia to become Southeast Asia's wealthiest countries, the main reason.
Indonesia will become another hot spot for investment in Southeast Asia following the Vietnam country. Indonesian central bank's monetary policy, deputy director of JuaAgung gradually turn for the better economic situation in Indonesia, will be 5.7 percent economic growth this year, that is expected to reach about 6%, 4.5% last year.
, Indonesia will become the most attractive investment country in Southeast Asia
two recent international aspects of anti-dumping on Chinese steel products trends
Columbia seamless casing and tubing, not to levy definitive anti-dumping duties on Chinese drilling. August 11, the end of the Colombian Ministry of Trade, Industry and Tourism of seamless stainless steel casing and tubing, drilling oil and gas originated in China anti-dumping investigations, and decided not to levy definitive anti-dumping duties. August 25, 2009, Colombia's Ministry of Trade, Industry and Tourism of seamless stainless steel casing and tubing, drilling oil and gas originated in China anti-dumping investigation. December 30, 2009, the Colombian Ministry of Trade, Industry and Tourism of the case made a preliminary anti-dumping, ruled that some of the imported product dumping margin of 12.19% World Steel Pipe News , but not to impose provisional anti-dumping duties.
Australia canceled a hollow structural steel counter-investigation August 23, the Australian Customs announcement that there is no evidence of hollow structural steel imported from China and Malaysia on the domestic industry, causing substantial damage, it was decided to cancel the anti-dumping investigation of hollow structural steel, originating in China and Malaysia, as well as hollow structural steel, originating in China's anti-subsidy investigations. In December 2008, the Australian anti-dumping investigation of hollow structural steel originating in China and Malaysia; June 2009, Australia on the case to make a determination of injury. June 19, 2009, Australia Steel Pipe Co., Ltd., and Ao Erkan steel pipe to the Australian trade measures of the Ministry of Justice for reconsideration office to submit their applications to require termination of hollow structural steel products originating in China, the Australian Customs and Border Protection carry out the decision of the anti-dumping investigation be reviewed; August 21, 2009, the Australian Ministry of Justice of trade measures review office to cancel the termination of made by the Australian Customs and border protection bureau on the ruling of the anti-dumping investigation of Chinese origin hollow structural steel; 2009 September 9, the Australian Customs decided to re-start anti-dumping investigation of hollow structural steel, originating in China and Malaysia.
Canada China Steel Grating initiated anti-dumping and countervailing investigation. August 24, Canada, the Commerce Department said the Canadian domestic industry to the Canadian Border Services Agency made a request originating in or exported from China's steel grating products to launch anti-dumping and countervailing duty investigations. Canada Border Services Agency is the application for review will be held September 20 to make the decision whether to file before.
ArcelorMittal has met with Indonesia's Banten provincial government to discuss investment plans in the land, but the concrete has not been determined. POSCO joint venture in Indonesia to build an annual production capacity of 300 tons of integrated steel mill addition Indo-尼喀拉喀托 steel company also expects to obtain raw materials such as iron ore and coal investment opportunities in Indonesia this year. Nippon Steel Corporation jointly by the end of the three Japanese companies denounced the $ 60 million acquisition of the Indonesia galvanized sheet manufacturers Latinusa55% stake, making Nippon Steel, following Guangzhou, China, Pacific Tin Plate Company and Siam Tin Plate Company The third overseas manufacturers of galvanized sheet. South Korea's LG Electronics and U.S. equipment manufacturer Caterpillar Inc. plans will in Indonesia to choose as their production base in Southeast Asia. Investment projects in Indonesia so far this year, Newmont mines and the FreeportMcMoRan copper and gold mine expansion, Nike and Adidas are in the processing plants in Vietnam and China, positive Indonesian migration.
Indonesia's economy for the better reason is that the market growth of investment, and exports, especially trade with China exceeds expectations. Expected to Indonesia's foreign direct investment (FDI) this year will increase 25 percent to reach Rp 118.4 trillion ($ 13.25 billion). Has helped make the Jakarta stock index hit a record high last month. At present, Indonesia's domestic demand is quite good, but compared with the export of Indonesia is more concerned about the investment from China.
India's second-largest iron ore origin of the southern state of Karnataka (Karnataka) restrict iron ore exports since the end of July, the state government under the jurisdiction of 10 small port of export were halted. The state is seeking a permanent ban on iron ore exports in order to protect the local steel producers of raw materials required.
the state's goal is to vigorously encourage investment in the steel industry, which is the real reason to consider a permanent ban on iron ore exports. At present, the Karnataka steel capacity of 45 million tons. To date, the state has determined that the proposed steel project more than 40 future local mine will be assigned to these investors. With the Karnataka government in June, the world's largest steel manufacturer, ArcelorMittal signed a preliminary agreement will be investment in the state iron ore-rich Bellary region of 300 billion rupees ($ 6 World steel pipe network editing .5 billion), construction an annual production capacity of 600 tons of steel. POSCO also plans to invest 320 billion rupees (about $ 6.9 billion) in the construction of an annual output 600 million tons of steel. India's third largest steel manufacturer, Jindal Southwest Iron and Steel Company (of JSW) has plans to invest 151.3 billion rupees in the state, the Pushao Steel and Essar Steel plans to build factories in this. In addition, India's largest iron ore producer NMDC plans to spend 92 billion rupees to build an annual output of 500 million tons of steel. Ban iron ore exports, the controversies between the traders and the state government, the Indian Mining Industries Alliance (FIMI) has Karnataka's decision to resort to local courts. Exporters worry about, even if the iron ore export ban has been revoked, the state government may adopt new regulations hinder the transport of iron ore from the mines to the port, traders are still unable to export ore.