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Tata Thailand to apply CVD investigation against Chinese wire rod
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It's reported that Tata Steel Thailand claimed that the China’s export prices of low carbon wire products to Thailand is too low due to Chinese government's favorable tax policy on the export, resulting in damage to their market share and unable to full production and interfere with their capacity expansion plans as consumers tend to purchase cheaper products imported from China.
Tata Steel Thailand branch formerly Thailand century steel company, and was put into operation in 2002 and was merged by India's Tata Group in 2006.
The company's annual production capacity is 1.7 million tons, of which 50% is wire products. Steel output of fiscal year 2011/12 reached 1.14 million tons, including 500,000 tons of wire rods.
The company plans to expand production capacity of 8%~10% by 2013, and increase 10%~12% in sales and marketing.
So far, Thailand's Ministry of Commerce has not yet reacted to above application.
News Date
5/21/2012 11:02:07 AM
reported by
Susan Ni
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