China's auto parts industry is the first to be investigated by the US

On March 31, Beijing time, Accuride and Hayes Lemmerz International Inc. filed a complaint with the US International Trade Commission and the US Department of Commerce for anti-dumping and countervailing investigations on steel wheels exported from China. It is expected that the US Department of Commerce will be 4 On the 19th of the month, decide whether to open the case.   This is another trade remedy investigation case involving South Africa and Australia after China’s steel wheels and the EU’s anti-dumping investigation against China’s aluminum wheels. "I think this anti-dumping investigation, in the listed companies, the impact may be two, namely Xingmin Steel Ring (002355.SZ), Jingu Shares (24.49, 0.09, 0.37%) (002488.SZ). Generally speaking, China's automobile steel ring exports are not much, compared with aluminum alloy products, not in an order of magnitude." Yesterday, a securities analyst said in an interview with the "First Financial Daily". Since automobile steel rings are mainly used in trucks, buses and low-end cars, the domestic export scale is much smaller than that of aluminum wheels. Even so, steel wheels have been repeatedly subject to anti-dumping investigations in recent years. In the anti-dumping case of the EU aluminum wheels finalized in October 2010, the tax rate increased from 20.6% of the preliminary ruling to 22.3%. The survey is the first US double-reverse investigation faced by the auto parts industry. The prosecution requires a dumping margin of 38% to 98%. At the same time, a number of subsidy projects have been proposed. If it wins, it will have a major impact on China's steel ring products exported to the United States. Since the financial crisis, wheel companies in developed markets around the world have been on the verge of losses. On the one hand, it comes from the deterioration of the business environment, on the other hand, the more important challenges or threats come from the low-cost competitive pressure of Chinese enterprises. The American wheel industry, the world's largest manufacturer of aluminum wheel industry, has its gross profit and net profit close to the edge of losses. The German BBS wheel company, which is loved by professionals in the industry, also declared bankruptcy in 2007, and the automobile wheel industry is facing reshuffle. This is especially true for steel rings at the low end. In this context, it is not difficult to understand why domestic steel ring manufacturers are repeatedly subject to anti-dumping investigations. Last year, the anti-dumping of aluminum wheels proposed by the European Union did not have much impact on domestic enterprises. China’s exports to the EU accounted for only about 10% of the total exports. The North American market is the key market for Chinese manufacturers. "If the United States raises anti-dumping, it will cause a serious blow to China's small and medium-sized aluminum wheel hub manufacturers. In the long run, the United States will put anti-dumping on Chinese products sooner or later, and relevant manufacturers should actively explore other markets to deal with it," said the analyst.

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