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July 23, 2019

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Extra duties for dumped steel imports

China’s Ministry of Commerce yesterday announced anti-dumping measures on stainless steel billets, hot rolled stainless steel plates and coils imported from the European Union, Japan, the Republic of Korea and Indonesia.

The domestic industry has been subject to substantial damage due to dumping, the ministry said in a final ruling after anti-dumping investigations.

From today, duties will be collected at rates ranging from 18.1 percent to 103.1 percent for five years, the ministry said on its website.

The MOC has accepted applications of price undertakings from some South Korean exporters, meaning that anti-dumping duties will be exempt on products sold in China at prices no lower than respective minimum prices.

After receiving complaints from the domestic industry, the ministry announced its investigation in July 2018.

The investigation was strictly in accordance with Chinese laws and WTO rules. The MOC unveiled a preliminary ruling in March 2019.




 

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