
TRADE - January 1 to January 15, 2004
ITC RULES AGAINST HAND TRUCKS FROM CHINA
WASHINGTON, DC - The US International Trade Commission (USITC) has determined there's a reasonable indication that a US industry is threatened with material injury by reason of imports of hand trucks from China that are allegedly sold in the US at less than fair value. As a result of the USITC's unanimous affirmative threat determination, the Department of Commerce will continue to conduct its antidumping investigation of the hand truck imports, with its preliminary determination due on or about April 12. VIETNAM EXPORTS MAY HIT $19.9 BILLION IN 2003
HANOI - Vietnam's export turnover saw a record growth surge of 19% to reach $19.9 billion in 2003, according to figures released by the General Statistics Office. The country initially aimed for just $18.5 billion worth of exports. The foreign-invested sector has seen a record 27.2% growth rate in export value in 2003 with $10 billion in turnover, while the domestic sector exports value was up by 11.7% to $9.9 billion, the Office said.
STEEL IMPORTS IN DECLINE, REPORT SAYS WASHINGTON, DC - Newly released preliminary figures covering steel imports for the month of November, 2003 show that steel imports decreased 4% from October, 2003 levels. According to the Department of Commerce, the decrease in November's total amount of steel imports was due primarily to a decrease in imports of blooms, billets, and slabs; wire rods; and hot rolled sheets. November, 2003 imports of finished steel products decreased 13% compared to October, while imports of semi-finished steel increased 36%. November imports of steel mill products decreased 34% percent compared to November, 2002. Imports of finished steel for the month decreased 35% compared to November, 2002, while semi-finished steel products decreased 32% compared to November of the previous year. January to November imports of steel mill products decreased 28% compared to the same period in 2002. January to November, 2003 imports of finished steel decreased 22% compared to the same period last year, while imports of semi-finished steel decreased 46%.
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