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China Diamond Saw Blade Industry Starts "American Breakthrough"

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  • Time of issue:2020-06-22 15:59
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China Diamond Saw Blade Industry Starts "American Breakthrough"

  • Categories: Industry News
  • Author:
  • Origin:
  • Time of issue:2020-06-22 15:59
  • Views:
Information

As Chinese companies become more and more deeply integrated into the international economic arena, various international economic frictions and disputes have also increased. Although the American Diamond Saw Blade Manufacturers Association has submitted anti-dumping applications for diamond circular saws and components from China and South Korea to the U.S. government to date, intermediaries such as the Shanghai Stone Industry Association and other intermediary organizations have organized the Dozens of Chinese companies in Shanghai and Shanghai jointly responded to US anti-dumping pressure, and contacted the China Electromechanical Import and Export Chamber of Commerce, China Stone Industry Association and other relevant organizations to find a breakthrough in the case on the basis of fully studying the US indictment. 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. The advance team of the Ministry of Commerce has set out to work in the United States. The American Federation of Diamond Saw Blade Manufacturers prepared 8 months, raised 1.2 million US dollars, and submitted an anti-dumping application to the US government for diamond circular saws and components produced in China and South Korea on May 3. As of May 31, the number of Chinese companies sued by the U.S. has increased from 23 to 53 on May 3, of which Jiangsu, Zhejiang, and Shanghai companies accounted for 60%, and the amount involved was 26 million US dollars. The reason why Chinese diamond saw blade manufacturers were sued by American counterparts is that American companies believe that the increase in imports of low-cost diamond circular saw blades from China has caused substantial damage to the US domestic industry. The United States quoted the country’s customs statistics as saying that China’s and South Korea’s exports of diamond circular saw blades from the United States increased from 8.7 million in 2002 to 13.4 million in 2004, resulting in the failure of U.S. companies to enjoy the benefits of the construction industry. On the contrary, it has compressed the profit space of American companies, leading to the bankruptcy of one company, the market share of many companies has shrunk, and American counterparts have been "trapped in the embarrassing situation of rising steel and energy costs and falling product prices." On May 3, 2005, the US International Trade Commission received a US manufacturer's so-called "anti-dumping" application, because the US International Trade Commission's complaint to the US Diamond Saw Blade Manufacturers Association "has the necessary industry support" When in doubt, he decided to issue a questionnaire, collect relevant industry support information, and proceed with a "damage" investigation. The questionnaire was recovered and submitted before May 25. It is reported that the US International Trade Commission will convene the first hearing on the issue of "damage" in recent days, 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 number of listed companies are ambitious. The production line under preparation is planned to be put into production this year and next year. If the United States implements "anti-dumping", these companies will undoubtedly be a great drink. . According to Dr. Fan Lingen, Secretary General of the Shanghai Stone Industry Association, global diamond saw blade production has been transferred to Asia on a large scale since 2000, and the products produced by Chinese companies are mainly aimed at the low-end market. According to US statistics, the number of diamond circular saw blades exported from China to the US increased by more than 30% from 2003 to 2004. In this regard, the litigation information submitted by the US prosecutor seems very reasonable, saying that the price of our products exported to the United States is far lower than the normal cost price, and the dumping rate is 298.39%, that is, if the US customs imposes an additional 298.39% tariff on Chinese products So as not to be dumped. If my country's case-related or non-case-related enterprises should not sue, products exported to the United States in the future will be taxed at the highest tax rate after the dumping ruling. Dr. Fan Lingen resolutely refuted the wishful thinking of the American counterparts. The cost price of Chinese products is calculated based on factors of production, such as working hours, raw material consumption, energy consumption, etc., multiplied by the unit price of the substitute country (in this case, India). The production cost, plus fixed conversion management costs, profits and other components. As a developing country, China's labor and material cost advantages are obvious, and there is no such ridiculous claim that the dumping margin is 298.39%.

At present, diamond saw blades are becoming China's emerging export growth point. Generally, it takes tens of millions of yuan to invest in a complete set of high-end diamond materials and saw blade production equipment. Many domestic enterprises and a number of listed companies are ambitious Preparation for the new production line is planned to be put into production this year and next. If the United States finally decides to implement anti-dumping measures against this product, it will stifle the development of China's newly emerging diamond tool industry to a certain extent, and it will be like a head start for those companies that are ready to do a lot to target the export market. The Chinese industry has initially reached a consensus on the "anti-dumping case" thrown by the United States. The leading companies under the industry association have hired experts from the Chinese and American legal and accounting communities to respond, and the cost may exceed $1 million.

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