美国对中国渣罐作出双反终裁，高额关税下转口模式再度受关注

Core Viewpoint - The U.S. Department of Commerce has imposed significant anti-dumping and countervailing duties on imports of slag pots from China, resulting in a high anti-dumping rate of 294.43% and a countervailing duty rate of 226.16%, severely impacting the price competitiveness of Chinese exporters [1][10]. Trade Impact - The final ruling indicates that the cost of directly exporting slag pots from China to the U.S. will increase dramatically, effectively eliminating price competitiveness [3]. - In 2023, China's slag pot exports exceeded $600 million, with approximately 18% directed towards the North American market. Following the ruling, it will be nearly impossible for companies to maintain U.S. orders through direct exports [5]. Regulatory Timeline - The timeline of the case shows a rapid progression, with the final ruling on anti-dumping and countervailing duties being made on August 26, 2025, after initial investigations began in January 2025 [6]. Industry Challenges - The slag pot is a critical piece of equipment in the metallurgy industry, widely used in steelmaking and mineral processing. The high duties imposed reflect a broader trend of increasing trade barriers against Chinese metal equipment products by the U.S. [4][10]. Alternative Trade Strategies - In light of the high tariffs, the industry is expected to shift towards third-country transshipment as a key strategy to mitigate export pressures. Analysts suggest that well-structured transshipment arrangements can help companies manage tariff risks while maintaining export continuity [8]. - Potential transshipment hubs include Turkey, due to its compatible metallurgy supply chain and trade facilitation with Europe and the U.S., as well as Southeast Asian countries like Malaysia, Thailand, and Vietnam, which have experience in port operations and origin certification [8]. Future Market Dynamics - The imposition of these duties may lead to a normalization of anti-dumping measures, with similar scrutiny expected for other bulk commodities like metallurgy equipment and building materials [8]. - Companies may accelerate the establishment of transshipment and processing operations in Turkey and Southeast Asia, while also exploring alternative markets in the Middle East, Africa, and Latin America [8].