Posted on 28 May 2012
Along with their counterparts from six other countries, namely Korea, Thailand, India, Turkey, Yemen and United Arab Emirates, a score of Taiwan’s steel pipe suppliers have been accused of illegally dumping standard steel pipes in Canada, sending shockwaves through the industry on the island.
Taiwan’s major steel pipe suppliers with exports to Canada and involved in the charge, including Chung Hung Steel Corp., Yieh Phui Enterprise Co., Kao Hsin Chang Iron & Steel Corp. and Mayer Steel Pipe Corp., all noted that the accusation will impact them moderately, as standard steel pipes command only small shares of their exports to the North American country. Some of them added that they won’t rule out the possibility of jointly filing a complaint against the accusation or re-exporting such products to other markets as a savvy strategy in the future.
Chung Hung, for example, indicated that it mainly exports its API oil pipes along with a very small quantity of standard steel pipes to North America presently, and hence should not be subject to any punitive duty required in the anti-dumping charge in Canada.
Yeih Phui also stressed that only a small portion of its standard steel pipes produced are shipped to Canada. But, to counter the accusation, the company confirmed that it has considered re-exporting its products originally bound for Canada to other overseas markets, and will focus promotion on API steel pipes in the short term.
In fact, Taiwan’s steel pipe exporters depend largely on overseas markets in the U.S., Australia, China and Southeast Asian countries at the moment, with only 2,000-3,000 metric tons of standard models going to Canada a month.
Exports and Output of Taiwan’s Major Steel Pipe Makers
[PICTURE1]
Source: The companies
