In less than 2 months into 2013, the EU, the United States, Australia and other countries launched 5 anti-dumping investigations or final rulings on Chinese steel products. Anti-dumping investigations are frequent, the steel trade channels or be further compressed, will face more severe challenges.
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Ministry of Industry released data show that last year's 80 key steel companies sales profit margin is almost zero, the situation facing the iron and steel industry this year has not improved, Zhongxin Financial Channel found less than 2 months, the EU, the United States, Australia, etc. China launched five anti-dumping investigations or final rulings on Chinese steel products involving various product types such as seamless steel tubes and hot-rolled steel products. In the face of frequent investigations, the steel trade's foreign trade channels may be further compressed and will face even more severe challenges.
80 key steel enterprises last year, low profit margins of nearly zero
In 2012, due to the slowdown of domestic and international economic growth, overcapacity and the high financial cost, the steel industry in our country once again fell into sluggish production and operation and the steel industry entered a "painful period" of restructuring and upgrading.
Last year, in the context of widespread meager profitability among steel companies, many enterprises chose piggyback-building and other sideline businesses as their livelihood path. However, the data show that the efficiency of steel enterprises are still "appalling." Previously released by the Ministry of Industry and Information Technology in 2012 "Analysis of the operation of the steel industry and 2013 Operation Outlook" showed that in 2012, 80 key large and medium-sized steel enterprises achieved a total sales revenue of 3.5441 trillion yuan, down 4.3% from a year earlier; a profit of 1.58 billion yuan, a year-on-year decrease 98.2%, sales profit margin is almost zero (only 0.04%).
In addition, overcapacity is also a major issue that the steel industry has to face. The "Twelfth Five-Year" Development Plan for the Iron and Steel Industry put forward the requirements of the top 10 steel enterprises to have a concentration of 60%. However, CISA data shows that by the end of 2012, the crude steel output of the top 10 steel enterprises in China accounted for 45.94% of the total output, a big gap from the target of "the top 10 reached 60% in 2015".
Many countries launched anti-dumping investigations on Chinese steel products or facing tougher challenges
The global economic downturn has caused the demand for steel products to be reduced and the supply surplus. As a result, the protectionism of steel trade has intensified. China's Xinxiang Financial Channel found that since 2013, China's steel products have encountered at least five anti-dumping or anti-subsidy investigations, including the EU, the United States, Australia, Canada and other countries. In December last year, Thailand decided to impose a five-year anti-dumping duty on boron-added hot-rolled steel from China starting August 4, 2011, of which anti-dumping duties of Wuhan Steel and Rizhao Steel were 14.27%. Other Chinese enterprises 19.47%.
In recent years, Chinese steel enterprises have been frequently subjected to anti-dumping investigations. Chutian Metropolis Daily reported that in 2011 alone, the anti-dumping investigations hit by domestic steel exports amounted to 51.92 million U.S. dollars. WISCO even suffered four anti-dumping investigations within seven months. According to statistics from Zhongxin Financial Channel, in 2012, nearly 60 anti-dumping or anti-subsidy incidents were encountered in China's steel industry.
The Ministry of Industry and Information Technology estimates that in 2013 China's crude steel output will be around 750 million tons and the apparent consumption of crude steel will be around 700 million tons. In 2012, the country's cumulative production of crude steel was about 720 million tons. Faced with frequent anti-dumping investigations, the industry analysis pointed out that the steel trade channels or be further compressed, the steel industry will face even more severe challenges.
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In 2013, various anti-dumping or countervailing investigations initiated by various countries on Chinese steel products were investigated
February 16, the European Commission issued a public notice on the origin of China's seamless steel pipe (diameter over 406.4 mm) launched anti-dumping investigations. In 2008, the European Commission once launched an anti-dumping investigation on seamless steel pipe (diameter less than 406.4 mm) with a final tax rate of 17.7% -39.2%. The case was the first trade-relief investigation initiated by the EU in 2013 against me.
On February 12, Australia formally filed an anti-dumping investigation on hot-rolled steel products from China, Indonesia, Japan, South Korea and Taiwan, and launched countervailing investigations on products from China at the same time.
On February 4, the U.S. International Trade Commission decided to launch a full sunset review of my hot rolled steel products to determine whether the lifting of the anti-dumping duties is likely to result in the continuation or recurrence of material injury.
On January 22, Canada formally initiated an anti-dumping and anti-subsidy investigation on galvanized steel wire imported from China.
January 15, the Canadian International Trade Tribunal final review of sunset review of hot-rolled steel plate, that the abolition of the existing anti-dumping duties will likely result in the continuation of the real damage or reoccurrence of the hot-rolled steel products, anti-dumping duties will be levied 5 years. 
Multi-national anti-dumping investigation of Chinese steel industry The steel industry is facing severe challenges
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