China'S Auto Parts Industry Also Involves Trade Remedy Investigation

Beijing time March 31st.

This is another trade relief investigation case involving South Africa and Australia, which launched an anti-dumping investigation on China's steel wheels and the European Union's aluminum wheels.

"I think the anti-dumping investigation in the listed companies is likely to have a relatively large impact on the two sides, namely, the improvised 002355.SZ and Jin Gu shares (24.30, -0.19, -0.78%) (002488.SZ).

Generally speaking, the export volume of China's automobile steel ring is not large, compared with aluminum alloy products, it is not an order of magnitude.

Yesterday, a securities analyst accepted the first financial daily interview.

Because the automobile steel ring is mainly used in trucks, buses and low-end cars, the scale of domestic exports is much smaller than that of aluminum wheels.

Even so, steel wheels have suffered many times in recent years.

In October 2010, the anti-dumping case of the EU aluminum wheel was raised from 20.6% to 22.3%.

The survey is the first US double reverse survey facing the auto parts industry. The prosecution's request for dumping ranges from 38% to 98%. At the same time, a number of subsidy projects have been put forward.

If it wins, it will have a major impact on China's export of steel products to the United States.

Since the financial crisis, hub enterprises in developed markets have been at the edge of losses.

On the one hand, from the deterioration of the business environment, on the other hand, more important challenges or threats come from the low cost competition pressure of Chinese enterprises.

The world's largest manufacturer of the aluminum wheel industry, the US super industry, is close to the margin of losses. Its BBS hub, a professional favorite, also declared bankruptcy in 2007. The automotive wheel industry is facing a shuffle.

This is especially true for low end steel rim products.

Against this background, it is not difficult to understand why domestic steel coil manufacturers will be subjected to repeated anti-dumping investigations.

Last year, China's export to the EU was only about 10% of the total exports to the EU for the EU's aluminum hub anti-dumping, which did not have much impact on domestic enterprises.

The North American market is the key market for Chinese manufacturers.

"If the United States takes anti-dumping measures, it will cause a serious blow to China's small and medium-sized aluminum wheel manufacturers.

In the long run, the United States will put anti-dumping on Chinese products sooner or later, and the relevant manufacturers should actively explore other regional markets to cope with them.

The analysts said.