2025年5月29日，墨西哥经济部发布公告，就对华PET(聚对苯二甲酸乙二醇酯)反倾销调查做出最终裁 决。中银国际业务部主任、高级合伙人贾征律师作为主办律师，陈瑶律师、赵睿轩律师作为协办律师在 本案中代理万凯新材料股份有限公司和重庆万凯新材料科技有限公司参与应诉，并协助客户在最终裁决 中获得唯一的零税率，其他出口企业的税率为40美元每吨至260美元每吨。这是中国企业首次在墨西哥 对华反倾销调查中赢得零税率，具有十分重大的意义。 律师团队 中银律师贸易救济及WTO法律服务中心拥有一批理论成果丰硕、实践经验丰富、代理业绩优秀的律师 和会计师，业务领域涵盖反倾销、反补贴、保障措施、WTO谈判和争端解决、贸易壁垒调查、与贸易 有关的投资措施、服务贸易、海关法等。中银律师的服务贯穿反倾销事务的各个阶段，包括原案调查中 的应诉和申诉、各种行政复审、司法审查以及征税和退税方面的服务。中银贸易救济和WTO服务中心 的宗旨是：善用各国国内法和WTO规则，捍卫国家和企业的自由贸易权利，维护企业的正当权益，以 企业需求为己任，打造国际一流贸易救济和WTO法律服务品牌。 2024年1月29日，墨西哥经济部对华PET发起反倾销调查。2 ...

Group 1: Research Background - Steel mills are showing high production enthusiasm, with pig iron output reaching the highest level for the same period since March before starting to decline, leading to accumulated supply pressure [1] - Hebei, as the largest steel production base in China, accounts for 20%-30% of the national output, primarily in plate products, making its production dynamics significantly influential on the national market [1] - The demand for steel is expected to decline seasonally, but the "export rush" effect has shown strong resilience in steel demand, with export volumes increasing year-on-year [1] Group 2: Production and Output - Most steel mills have adopted an over-ordering strategy, with orders from downstream processing plants typically ranging from 15 to 30 days, and some products scheduled for production until the end of July [2] - Steel mills are currently enjoying decent profits, with immediate profits around 100-200 yuan per ton, and some mills achieving net profits exceeding 100 yuan per ton [2] Group 3: Export Situation - Export profits remain acceptable, with increases in the export volumes of rebar, steel billets, and wire rods, particularly to the Middle East and Africa, while reductions are noted in exports to South Korea and Japan [4] - There is potential for screening orders in steel billet exports, and while some believe that the export rush may deplete future demand, the actual impact may not be as significant as anticipated [4] Group 4: Inventory and Expectations - Inventory levels among steel mills and traders are low, with steel mill inventories dropping from 20,000 tons to 4,000 tons, indicating a need for inventory building based on market fluctuations [6] - Some anticipate that upcoming events such as the Shanghai Cooperation Organization summit in July and the World University Games in August may impact short-term supply, while others doubt the effectiveness of policy-driven production restrictions due to local GDP pressures [6] Group 5: Seasonal Demand Outlook - The negative feedback from the industrial sector in June may be difficult to realize, as steel mills are currently profitable and production is stable, making significant production cuts unlikely [7] - The resilience of plate demand is a key variable influencing the overall demand for steel during the off-season, with expectations that plate demand may outperform market predictions [7] Group 6: Specific Situations in Steel Mills and Processing Plants - A hot-rolled processing enterprise reported a production capacity of 4 million tons, with a focus on color-coated products, and is experiencing high demand, with orders extending to the end of July [9] - A steel mill's trading department noted that orders for various steel products are generally over 25 days, with net profits ranging from 50 to 100 yuan per ton, and a positive outlook on the market despite regional pressures [10] - A cold-rolled sales department indicated that exports are primarily directed towards Southeast Asia and the Middle East, with a notable increase in orders, although the overall export volume is slightly weaker compared to previous months [11] Group 7: Market Dynamics and Price Trends - The current market is characterized by strong realities and weak expectations, with healthy inventory levels and order volumes, suggesting that the anticipated negative feedback may not materialize [8] - The steel price may experience fluctuations, with potential upward movement if the current strong reality persists, despite the overall market sentiment being cautious [12]

美国作出硬质空心胶囊反倾销初裁 智通财经5月26日电，美国商务部宣布对进口自中国、巴西、印度和越南的硬质空心胶囊作出反倾销初 裁，初步裁定中国生产商/出口商的倾销率为5.40%－172.24%（抵消补贴后的保证金调整为不适用）、 巴西生产商/出口商的倾销率为77.29%（抵消补贴后的保证金调整为不适用）、印度生产商/出口商的倾 销率为3.60%－24.78%（抵消补贴后的保证金调整为0.0%－14.91%）、越南生产商/出口商的倾销率为 9.99%（抵消补贴后的保证金调整为8.35%）。美国商务部预计将于10月13日对上述涉案产品作出反倾 销终裁。 ...

Group 1 - The Ministry of Commerce of China announced the final ruling on anti-dumping investigations against imported copolymer formaldehyde from the US, EU, Taiwan, and Japan, confirming that dumping exists and has caused substantial damage to the domestic industry [1] - The investigation revealed that the imported copolymer formaldehyde is priced lower than domestic products, disrupting normal sales for domestic companies, which are crucial for sectors like new energy vehicles and high-end medical devices [3] - The anti-dumping measures are part of a normal legal procedure aimed at maintaining fair market competition and protecting domestic enterprises from unfair trade practices [3] Group 2 - The US has imposed high tariffs on imports, with European goods facing a 34.5% tariff and Japanese goods a 35.5% tariff, while specific companies from Taiwan enjoy significantly lower rates [3] - The ongoing trade tensions and tariffs are part of a broader strategy by China to assert control over global supply chains and respond to US actions, particularly in the rare earth sector [6] - Recent discussions in the US regarding imposing tariffs on port equipment have faced strong opposition from the US port industry, which argues for tax policy adjustments instead of high tariffs on Chinese products [8]

2024年6月29日，印度商工部发布公告称，应印度国内企业Swarup Chemicals Private Limited提交的申 请，对原产于或进口自欧盟的福美双启动反倾销调查。案件倾销调查期为2023年1月1日至2023年12月31 日（12个月），损害调查期为2020年至2021年、2021年至2022年、2022年至2023年以及2023年1月1日至 2023年12月31日。 据中国贸易救济信息网消息，2025年5月15日，印度商工部发布公告，对原产于或进口自欧盟的福美双 （Thiram in any form）作出反倾销肯定性终裁，建议对欧盟的涉案产品征收733美元/吨的反倾销税，有 效期为5年。本案涉及印度海关编码38089230项下的产品。 ...

Core Viewpoint - The Chinese Ministry of Commerce has announced a final ruling on anti-dumping investigations against imports of copolymer formaldehyde from the US, EU, Taiwan, and Japan, confirming that these imports have caused substantial harm to the domestic industry [1][5]. Group 1: Anti-Dumping Investigation - The Ministry of Commerce initiated the anti-dumping investigation on May 19, 2024, and has concluded that there is a causal relationship between dumping and substantial harm to the domestic copolymer formaldehyde industry [1][5]. - The investigation revealed that US, EU, Taiwan, and Japan's copolymer formaldehyde was being sold at prices significantly below cost, with US products being priced 30% lower than production costs [3][5]. Group 2: Market Impact - The automotive sector accounts for approximately 35% of copolymer formaldehyde usage, while the electronics sector accounts for about 25% [3]. - The market share of Chinese companies in copolymer formaldehyde has decreased from 45% in 2019 to 28% in 2023 due to aggressive pricing strategies by foreign competitors [3][5]. - European companies face a dumping margin of 23.8%, while Japanese companies face a margin of 31.45%, leading to potential market share losses [5]. Group 3: Strategic Implications - The anti-dumping measures are seen as a strategic move by China in the context of global trade tensions, signaling a shift from a defensive to a more proactive stance in protecting domestic industries [7]. - This action reflects China's growing awareness and capability to protect key materials and industries, with copolymer formaldehyde being just the beginning [7].

Core Viewpoint - South Korea continues to impose anti-dumping duties on stainless steel plates and coils originating from China, Indonesia, and Taiwan, with specific rates for Chinese products ranging from 23.69% to 25.82% [1] Group 1: Anti-Dumping Measures - The Ministry of Economy and Finance of South Korea issued Order No. 1126, extending anti-dumping duties for five years on stainless steel plates and coils with a thickness of up to 8mm [1] - The anti-dumping tax rates for products from mainland China are set between 23.69% and 25.82% [1] Group 2: Price Commitments - The Ministry has reached price commitments with certain suppliers, indicating that those who comply with these commitments will not be subject to the anti-dumping duties [1]

Core Viewpoint - The U.S. International Trade Commission (ITC) has made a final affirmative ruling on the anti-dumping and countervailing duties against alkyl phosphates imported from China, determining that these products have caused or threatened substantial harm to the U.S. domestic industry [1] Group 1 - The ITC's ruling confirms that the products in question, classified under U.S. Customs Code 2919.90.5050, have been found to be involved in dumping and subsidization practices [1] - Following the ITC's ruling, the U.S. Department of Commerce will issue anti-dumping and countervailing duty orders on the affected products [1]

Core Viewpoint - The Chinese Ministry of Commerce has imposed anti-dumping duties on imported urea-formaldehyde from the US, EU, Japan, and Taiwan, with rates as high as 74.9%, indicating a strategic move to protect domestic industries while asserting China's position in international trade [1][3]. Group 1: Anti-Dumping Measures - The anti-dumping investigation took a year, confirming that the imports from the specified regions were indeed sold at unfairly low prices, harming domestic industries [1]. - This action reflects China's commitment to safeguarding its economic interests and demonstrates a robust trade strategy amidst ongoing negotiations with the US [3][4]. Group 2: Strategic Implications - The anti-dumping measures serve as a dual-purpose tool: economically protecting domestic industries and politically enhancing China's bargaining power in international trade discussions [3]. - The situation illustrates China's independent stance in trade negotiations, emphasizing that it will not be passive in defending its interests even while engaging with major powers like the US [3][4]. Group 3: International Trade Dynamics - The ongoing trade tensions, including unresolved issues like fentanyl tariffs, suggest that while there may be temporary easing in trade conflicts, the underlying challenges remain [3]. - The reactions from the US, EU, and Japan to these anti-dumping measures will be crucial for understanding the broader implications for international trade relations [5].

美国作出热成型模压纤维产品反倾销初裁 智通财经5月14日电，美国商务部宣布对进口自中国和越南的热成型模压纤维产品作出反倾销肯定性初 裁，初步裁定中国生产商/出口商的倾销率为47.44%－477.97%（抵消补贴后的保证金调整为47.44%－ 477.97%）；越南生产商/出口商的倾销率为3.86%－260.56%（抵消补贴后的保证金调整为0.76%－ 211.60%）。美国商务部预计将于2025年7月21日对本案作出反倾销终裁。 ...