Current Status of Fastener Antidumping & Countervailing Investigation & Measures in 2015

340

Industry Focus

Current Status of

Fastener Antidumping &

Countervailing Investigations &

Measures in 2015

by Gang Hao Chang, Fastener World Inc.

In recent years, many fastener

companies from emerging countries

with advantages of low-cost

labor force, sufficient materials

supply, addition of state-of-the-art

machines and facilities from other

advanced countries, and support

of their governments’ favorable

export policies, are not only able to

fully satisfy their domestic

industrial demand for

fasteners, but are also very

active in expanding their

businesses to other markets

around the world. Advanced

countries in Europe and

the U.S. are their main

targets for marketing.

The dumping of low-price

fasteners on one hand

helped manufacturers

from these emerging

countries fast gain their

presence in advanced

markets, but on the other hand

it did generate pressure or material

injury to certain local manufacturers’

operation.

Accordingly, for achieving

the sustainability of the local

industries and protecting their

interests, many countries have

already launched antidumping/

countervailing investigations or

imposed relevant measures against

emerging countries (especially Asian

countries). The current antidumping

and countervailing investigations

and measures against fasteners

are mainly related to the EU, USA,

Canada, China, Taiwan, Malaysia,

India, etc. This March the EU

announced to extend its antidumping

measure against certain carbon

steel fasteners imported from

China for 5 more years. And later,

Chinese Department of Commerce

also determined

to re-launch the

antidumping measure expiry review

against certain imported carbon

steel fasteners from the EU starting

from June 29, 2015. During the

expiry review, carbon steel fasteners

imported from the EU will continue

to be subject to antidumping duties

according to the official notice (No.

40/2010) of Chinese Department

of Commerce. Such a...