CHINA China to impose anti-dumping duties on imported stainless steel products

CHINA

China to impose anti-dumping duties on imported stainless steel products

Xinhua

01:17, July 23, 2019

Dumping.jpg

China will impose anti-dumping duties on imported stainless steel products from the European Union, Japan, the Republic of Korea (ROK) and Indonesia. (Photo: IC)

China's Ministry of Commerce (MOC) on Monday 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 (ROK) and Indonesia.

The domestic industry has been subject to substantial damages due to the dumping of those products, the ministry said in a final ruling after anti-dumping investigations into the imports.

From Tuesday, duties will be collected at rates ranging from 18.1 percent to 103.1 percent for a five-year period, the ministry said on its website.

The MOC has accepted applications of price undertakings from some ROK 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 in July 2018 to launch the anti-dumping investigation into these products.

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



Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue