UK leave EU brings opportunity of selling Chinese seamless stainless steel tubes in UK
The Latest on Britain's referendum on whether to leave the European Union (all times local): 5 a.m.
UK broadcasters are predicting that Britain has voted to leave the 28-nation European Union in a historic referendum.
With 329 of 382 counting centers reporting results, the "leave" side is ahead by over 900,000 votes.
The results of Britain's vote Thursday will seriously hurt the continental unity forged after World War II. The U.K. is the first major country to decide to leave the bloc, which evolved from the ashes of war as the region's leaders sought to build links and avert future hostility.
The British pound has tumbled to a 31-year low as the results of the vote spook global markets.
Of course UK leave EU will affect the world greatly in many aspects and fields. In the international trading field, one of the important affect is it will bring new market opportunity to most of the Chinese manufactures of stainless steel seamless tubes and seamless steel tubes.
EU execute very high anti dumping tax for seamless stainless steel pipes and tubes, including stainless steel hydraulic pipe, stainless steel instrument tubing, Stainless steel heat exchanger tubes, Line pipes / Fluid line pipe. Seamless steel pipes imported from China since the year 2011. Since the anti dumping tax police executed, even all the Chinese factories had to give up the market of European. Because with adding the very high anti dumping tax, the Chinese seamless pipes have no advantages in prices. UK is a very important market for the Chinese suppliers of stainless steel seamless pipes and tubes. While UK is the member of EU, companies in UK who import stainless steel seamless pipes and tubes made in China will have to pay very high anti-dumping tax. This increased the UK companies' cost greatly.
However, at the time UK leave EU, UK also leaves the EU Customs Union. So there is no anti-dumping tax for the stainless steel / steel seamless tubes and pipes any more. Companies in EU who want to buy high quality seamless stainless steel pipes and tubes at good prices will be able to import from China. Chinese manufactures of stainless steel seamless pipes and tubes will have good chance to develop their market in UK.
UK market is also quite import to our company Younglee Precision Tube Co., Ltd We produces and supply high quality stainless steel seamless pipes and tubes, including stainless steel hydraulic pipe, stainless steel instrument tubing, Stainless steel heat exchanger tubes, Line pipes / Fluid line pipe, etc. UK customers and customers all over the world who is interested in our products, please feel free to contact us. We will provide our best prices, service and products!