Site menu:

Technical Sales: Tracy Lee Once we have received sufficient information, we will provide a quotation within a week. If the quotation is acceptable, We will have a sample made and shipped to required destination. Upon approval of sample, we will have the product made and shipped. The time from acceptance of quotation until receipt of sample is usually 2-4 weeks. The time from approval of sample until receipt of production for the first order is usually 120-150 days.Subsequent orders are usually 70-100 days.

Contact info:
Tracy A. Lee

111 NE 11th Street   Map
Grand Prairie, TX 75050
Tel: (972) 602-1478
Fax: (972) 660-2845
tlee@firstexind.com

Firstex Industries
has expertise in these areas:

Product Links

News from the Import Industry


December 14, 2009

China Slaps Penalties on U.S., Russian Steel

BEIJING - China said Thursday it will impose penalties on steel imported from the United States and Russia, claiming the countries were allowing it to be sold at a cut price.

The preliminary ruling requires importers of grain-oriented electrical steel, which is widely used in the power industry, to pay deposits from Friday, the commerce ministry said in a statement on its website.

"The domestic grain-oriented electrical steel industry suffered material damages" due to the dumping, the statement said following an investigation.

Dumping occurs when a foreign company sells a product in another market at less than normal value.

The ruling is the latest in a series of disputes between China and the United States, which have heightened trade tensions between the economic giants.

Companies will have to pay a deposit based on the difference -- up to 25 percent -- between the normal value of the steel and the cut price, the ministry said.

China also will charge for the first time an anti-subsidy deposit after the probe found US companies received government subsidies on grain-oriented electrical steel.

The deposits will be repaid to the importers if the preliminary ruling is overturned, according to Chinese rules.

Simmering tensions between Washington and Beijing boiled over in September when the Obama administration announced it would slap duties on Chinese-made tyres to protect US producers.

Since then, the world's number one and three economies have traded a series of accusations of unfair trade practices.

In one of its retaliatory moves, Beijing lodged a complaint at the World Trade Organization and launched a probe into possible unfair trade practices involving imports of US car products and chicken meat. -- AFP

SOURCE: MALAYSIANMIRROR

[ Back to top ]

Home | Expertise | Inventory | What | Why | Procurement | FAQ | Contact Us | Product Album | Links | News | Site Map

Valid XHTML 1.0 Strict Copyright © 2006 Firstex Industries | Webmaster:Kevin Grey Lee