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May 31, 2012 7:30 AM GMT+0800 Factory production of wind towers in east China's Shandongprovince, 2011. The Wind Tower Trade Coalition complained thatwind-tower manufacturers from China sold their renewable-energyequipment below cost in the U.S. The U.S. Commerce Department set duties from 13.74 percent to 26percent on imports of wind towers from China used by the energyindustry, siding with U.S. manufacturers including Broadwind EnergyInc. (BWEN) The agency released preliminary results yesterday of itsinvestigation into a complaint from the Wind Tower Trade Coalition,which claims its members are harmed by subsidies on products fromChina. In addition to Broadwind of Naperville, Illinois, the groupincludes Otter Tail Corp. (OTTR) s DMI Industries, Katana SummitLLC and a unit of Trinity Industries Inc. (TRN) The decision is a positive step, Daniel Pickard, a lawyer withWiley Rein LLP in Washington who represents the coalition, said ina phone interview. The finding is where we expected it to be, he said. Broadwind deferred all comments to Pickard. Broadwind closed little changed at 29 cents in Nasdaq Stock Markettrading, and rose as much as 9.5 percent after the announcement.The shares are down 57 percent this year. The wind-tower case highlights growing tension between the U.S. andChina on economic and renewable-energy issues ahead of the U.S.elections in November. The Commerce Department on May 17 announcedtariffs of 31 percent to 250 percent on Chinese solar-productimports, after companies including the U.S. unit of SolarWorld AG(SWV) said the products were sold below production cost. China onMay 25 said it filed a complaint against U.S. anti-subsidy dutieswith the World Trade Organization in Geneva. Following Rules The U.S. is not going to stand by when our competitors aren tfollowing the rules, President Barack Obama said yesterday at aceremony to sign a bill reauthorizing the U.S. Export-Import Bank,which promotes sales of American exports. We ve brought tradecases against China at nearly twice the rate of the previousadministration, he said. A spokesperson for the Embassy of China in Washington didn trespond to a request for comment. In a separate decision yesterday, the U.S. International TradeCommission determined that American producers have been harmed byimports of high-pressure steel cylinders from China. The CommerceDepartment on May 1 set anti-dumping duties of 6.62 percent to31.21 percent on imports of tanks used to transport liquefied orcompressed gas, as well as duties of 15.81 percent to counterChinese government subsidies for the products. It s a long, slow escalation of trade and currency wars as werace to the bottom, Theodore O Neill, an analyst with WunderlichSecurities Inc. in New York, said as China lodged its WTOcomplaint. Cash Deposit The Commerce Department yesterday set duties of 13.74 percent forCS Wind China Co. and several affiliated companies, and 26 percentfor Titan Wind Energy Suzhou Co. (002531) and its affiliates. Therate is 19.87 percent for other Chinese exporters and producers. U.S. Customs and Border Protection will start collecting a cashdeposit from importers based on yesterday s decision, the agencysaid in a statement. The payments will be refunded if a finaldetermination, scheduled for August, reverses the preliminaryfinding. This could be a short-lived victory for Broadwind andU.S.-based wind-tower makers if Congress doesn t renew theproduction tax credit for wind energy that expires this year,Christopher Blansett, an analyst with JP Morgan Securities LLC inSan Francisco, said in an e-mail. The U.S. in 2010 imported utility-scale wind towers from Chinavalued at $222 million, according to the Commerce Department. The agency s decision covers countervailing duties, imposed tocompensate for government subsidies. Commercial Turbines Separately, the wind-energy group said that competitors from Chinaand Vietnam have unfairly undercut their prices on the steel towersand rotor blades used for commercial wind turbines. Towers fromChina are sold for 64 percent less than the domestic price, andunits from Vietnam sell for 59 percent less, according to the windgroup s petition in December. The Commerce Department s preliminary decision in the anti-dumping investigation is scheduled to be released during the thirdquarter. The e-commerce company in China offers quality products such as Potato Fertilizer NPK Manufacturer , NK Compound Fertilizer Manufacturer, and more. For more , please visit Water Soluble Fertilizer today!
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