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At present, the Chinese industry has hired anti-dumping experts from the Chinese and American legal and accounting circles to actively respond to the lawsuit and strive to win the support of the Chinese government and US partners. At present, the advance team of the Ministry of Commerce has already begun to work in the United States. The American Diamond Saw Blade Manufacturers Association, which has been battling for 8 months, raised US$1.2 million. On May 3, it filed an anti-dumping application against China and South Korea for diamond circular saws and components. As of May 31, China’s companies sued by the US have risen from 23 on May 3 to 53, of which 60% are from Jiangsu, Zhejiang and Shanghai, and the amount involved is US$26 million.
The Shanghai Stone Industry Association and other intermediaries that first heard of this incident immediately rushed to organize dozens of Chinese companies in Jiangsu, Zhejiang and Shanghai to jointly respond to US anti-dumping pressure.
The cause of China’s diamond saw blade manufacturing companies being sued by US counterparts is that American companies believe that the increase in imported low-cost diamond circular saw blades from China has caused substantial damage to US domestic industries. The United States quoted the country's customs statistics as saying that the diamond circular saw blades exported from China to the United States increased from 8.7 million in 2002 to 13.4 million in 2004, causing American companies to fail to enjoy the construction industry boom. The benefits, on the contrary, have reduced the profit margins of US companies, leading to the bankruptcy of one company, the shrinking market share of many companies, and the fact that US counterparts are “trapped in the embarrassing situation of steel, rising energy costs and falling product pricesâ€.
On May 3, 2005, the US International Trade Commission received a request from domestic producers for China’s so-called “anti-dumping†because the US International Trade Commission’s complaint filed with the American Diamond Saw Blade Manufacturers Association “has the necessary industrial supportâ€. In doubt, he decided to issue a questionnaire, collect relevant industry support information, and proceed to the “damage†investigation. The questionnaire collection was completed before May 25th. It is reported that the US International Trade Commission will hold the first hearing on "damage" in the near future, and a preliminary ruling will be made on June 17.
Diamond circular saw blades have become the main products of China's export international tool market. Many domestic enterprises and a group of listed companies are ambitious. The production line under construction is planned to be put into production this year and next. If the United States implements "anti-dumping", it is undoubtedly a good thing for these companies to drink. .
According to Dr. Fan Lingen, Secretary General of the Shanghai Stone Industry Association, the global diamond saw blade production has been transferred to Asia on a large scale since 2000. The products produced by Chinese companies are mainly for the low-end market. According to US statistics, from 2003 to 2004, the number of diamond circular saw blades exported from China to the United States increased by more than 30%. In this regard, the litigation materials submitted by the US prosecution seems to be very reasonable, saying that the price of our products exported to the United States is much lower than the normal cost, and the dumping margin is 298.39%. That is, if US Customs imposes a tariff of 298.39% on Chinese products, Not for dumping. If the enterprises involved in the case or non-involved enterprises in China do not sue, the products exported to the United States in the future will be taxed at the highest rate after the ruling on the dumping case. For the wishful thinking of American counterparts, Dr. Fan Lingen resolutely refutes that the cost price calculation of Chinese products is based on the factors of production, such as working hours, raw material consumption, energy consumption, etc., multiplied by the price of the surrogate country (in this case, India). The production cost, together with the fixed conversion management costs, profits, etc. As a developing country, China's labor and material cost advantages are obvious, and there is no such thing as a ridiculous saying that “dumping margins reach 298.39%â€. At present, diamond saw blades are becoming an emerging export growth point in China. Usually, investing in a set of high-grade diamond materials and saw blade production equipment requires tens of millions of dollars. Many domestic enterprises and a group of listed companies are ambitious and have been or are Preparation for the new production line, it is planned to start production this year and next. If the United States finally decides to implement anti-dumping measures on the product, it will kill the development of the newly-developed Chinese diamond tool industry to a certain extent, and it will be like a good start for those companies that are aiming at the export market. The Chinese industry has reached a preliminary consensus on the “anti-dumping case†thrown out by the United States. Leading companies under the industry association have hired experts from the Chinese and American legal and accounting circles to respond, and the cost may exceed $1 million.
Recently, the US Department of Commerce will decide whether to launch an anti-dumping investigation on Chinese diamond saw blades exported to China according to the collected anti-dumping investigation questionnaire. According to international practice, the US requires All stakeholders including Chinese companies to answer. According to the time course predicted by the case, on October 10, the US Department of Commerce will make a preliminary ruling, and on December 26 will make a final ruling on “dumpingâ€. Finally, the US International Trade Commission will make a final ruling on “damage†on February 9, 2006. In addition, the US International Trade Commission and the Ministry of Commerce may also take an extension of about 60 days before making a preliminary ruling and final ruling according to the investigation. In other words, the anti-dumping case will be fully discharged by June 2006 at the latest. .
However, today's Chinese companies will not completely follow the routines set by the United States. In the interview, the reporter learned that in early April this year, the Shanghai Stone Industry Association learned from the US-funded member companies that the US’s “bad move†was to track the background and dynamic dispatch of the case and contact China in the first time. Experts from the Electrical and Mechanical Import and Export Chamber of Commerce, China Stone Industry Association and other related organizations and legal circles have conducted repeated consultations with leading enterprises in many industries. On the basis of fully studying the US indictment, they have found a breakthrough in the case. At present, the Chinese industry has basically reached a consensus. The association (commercial association) jointly organizes, leading enterprises in the industry take the lead, industry enterprises jointly participate, and employs anti-dumping experts from the Chinese and American legal and accounting circles to actively respond to the lawsuit and strive to win the Chinese government and US partners. support. In addition, the Shanghai Stone Industry Association is working hard to collect relevant export data from industrial enterprises, and to find relevant data on the replacement country, the Indian circular saw blade. At the same time, it will quickly pass the anti-dumping case to the Ministry of Commerce through the China Chamber of Commerce for Import and Export of Machinery and Electronic Products and China Stone Industry Association. The advance team of the Ministry of Commerce has already set off for work in the United States.
China's diamond circular saw blade industry started "American Breakout War"
As Chinese companies become more and more integrated into the international economic arena, various international economic frictions and disputes have also increased. Although the United States Diamond Saw Blade Manufacturers Association submitted an anti-dumping application to the US government for diamond saws and components from China and South Korea, the Shanghai Stone Industry Association and other agencies have organized the first time to organize Jiang and Zhejiang. Dozens of Chinese companies in Shanghai and Shanghai have joined forces to respond to US anti-dumping pressures. At the same time, they contacted the China Chamber of Commerce for Import and Export of Machinery and Electronic Products, China Stone Industry Association and other relevant organizations to find out the breakthrough point on the basis of fully studying the US indictment.