In 2010, the amount of China's steel wheel products exported to the United States was US$1.386 billion. In 2011, export orders will face changes.
Accuride Corporation and Hayes International Inc. of the US filed a complaint with the US International Trade Commission and the US Department of Commerce requesting the initiation of an anti-dumping and anti-subsidy merger investigation of China's steel wheel products.
The highly competitive Chinese auto parts industry will be subject to a double investigation by the United States. According to the relevant person in charge of the Legal Department of the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, Chinese companies involved in the case are being distinguished, and companies involved in the case may also directly contact the Legal Department of the Chamber of Commerce for Import and Export of Machinery and Electronic Products.
It is reported that the case involved in the US company’s application for investigation of the case involved 18 to 24.5 ft. diameter Hu steel wheels and rims. The US Customs Tariff Nos. are 8708700500, 8870702500, 887075450, and 8708706030.
It is understood that the anti-dumping case on EU aluminum wheels that was finalized in October 2010 raised the tax rate to 22.3%. However, since China's exports to the EU only account for about 10% of total exports, the EU's proposed anti-dumping of aluminum wheels has not caused too much impact on domestic companies.
Once the United States files the case, this investigation will be the first US double counter investigation faced by the auto parts industry. It is understood that the dumping margin for U.S. prosecution enterprises is 38% to 98%, and a number of subsidy projects have also been proposed. In addition, the North American market is one of the key markets for Chinese auto parts manufacturers.
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