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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.

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Tracy A. Lee

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

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News from the Import Industry

July 09, 2010

China steel giant calls for fair market environment in U.S.

China's Anshan Iron and Steel Group Corp. called for maintaining a fair market environment in the U.S. on Wednesday after 50 U.S. lawmakers sought to block its investment in a U.S. steel company.

In a recent letter to U.S. Treasury Secretary Timothy Geithner, the Congressmen said the joint rebar venture proposed by Anshan Iron and Steel and U.S.'s Steel Development Co. threatens "American jobs" and "national security".

In a statement, the steel mill said its investments in the U.S. and other regions were commercial acts based upon market demands and also attempts in international cooperation.

The steel bars produced at the 175 million U.S. dollar facility, in which Anshan Iron and Steel has a 14 percent stake, would mainly substitute imports, it said. Rebar is a low-end steel product mainly used in construction.

The 300,000-tonne plant in Amory, Mississippi would create jobs and increase tax revenues and would not harm local suppliers, it said.

"We chose the U.S. because it has a perfect law system," it said. "We believe the U.S. has given, and will continue to give, all businesses that respect local laws and customs the same market environment."

Qi Xiangdong, deputy secretary-general of the China Iron and Steel Association, on Monday urged western countries to maintain the proper attitudes towards global trade and economic globalization.

"If the (U.S) government supported blocking the deal, it was a protectionist attitude," Qi said.

Source:Xinhua

http://english.people.com.cn/

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