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China-US Trade War Continues Steel Prices May Fluctuate Largely

Apr 23, 2018

China-US Trade War Continues Steel Prices May Fluctuate Largely

As the trade war between China and the United States began again, US President Trump asked the U.S. Trade Representative’s Office to impose additional tariffs on China’s 100 billion U.S. dollars in imports, based on the “301 investigation.” En 10219 ASTM A500 Welded ERW Steel Pipe The Chinese Ministry of Commerce and the Ministry of Foreign Affairs quickly responded by saying that the Chinese side is ready to respond to the US further escalation actions and has already formulated very specific countermeasures. Carbon Steel ERW Welded Pipe Black Pipe API 5L/ASTM A53 Grade B for Oil Pipe/Gas Pipe/Water Pipe Reliable Pipe Suppliers From Junde Steel Pipe Company .

 

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1. Compromise and transfer of rights will suppress the long-term development of China's manufacturing industry. China currently has the ability and confidence to respond to the trade war provoked by the United States. ASTM A53 Seamless and Welded Standard Steel Pipe(CZ-RP52)

 

2. The trade war will directly or indirectly affect the export of steel and non-ferrous metals, in the short term, it will aggravate the risk aversion of global financial markets and expand the volatility of commodity prices. Water LSAW Steel Pipe as Per X52 X60 API 5L Psl1,LSAW or Sawl Steel Pipe X60

 

At a deeper level, from the "232 investigation" to the "301 investigation," the targeted commodities range from primary industrial products such as steel and aluminum to new energy vehicles, electronic products, and communications products that are competitive in the international market. ERW / SSAW / LSAW Offshore / Structure Steel Pipewith Big Diameter

The spearhead is no doubt directed at "Made in China 2025". This is not because of the great concern that China will gradually occupy or even replace the leading position of the United States in high-tech products. On the surface, the two sides play against each other at the trade level. Dn800 Sch40 API5l X70 LSAW Pipe with Fbe In fact, it is the future prospects for the development of the two countries. China is confident and capable of dealing with this trade war.

The United States decided to impose tariffs on imported steel and aluminum products starting March 23. API 5L Gr. B Building Material LSAW Steel Pipe for Construction/Structure On April 4, the United States issued a list of products subject to tariffs, which will impose a 25% tariff on China’s US$50 billion goods, including IT, high-end machinery and robots, aerospace, marine equipment and ships, and advanced orbits. Transport, new energy vehicles, electric power, agricultural machinery, new materials, and bio-medicine, etc. API 5L LSAW/Jcoe Steel Pipe for Gas and Oil Application .The United States will mainly attack China's rapidly developing high-tech enterprises and industries, and will directly or indirectly affect China's exports of steel and non-ferrous metals. Big Diameter Thin Wall Grade B LSAW Spiral Welded Pipe .Once the trade war between the two countries has fully erupted, it will inevitably dampen their respective economies and drag on the pace of global economic recovery. API X60 LSAW Pipe (Longitudinally Submerged Arc Welding) .The public opinion of the recent “trade war” has exacerbated financial market turmoil, risk aversion has been heating up, and price volatility has widened in the commodity market.


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South of Qiantong Road,Cangzhou City,Hebei,China

86-317-8517170

whatsapp: 86-13303171370

export@jundesteelpipe.com

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