On 22 July, China Ministry of Commerce released final ruling on anti-dumping investigation against stainless steel billet and hot-rolled stainless steel plate/coil. It announced that exists dumping in imported stainless steel billet and hot-rolled stainless steel plate/coil from European Union, Japan, Korea and Indonesia. They greatly damaged the domestic industry, and there was causality between dumping and injury relationship.
Therefore, from 23 July, 2019, China would impose anti-dumping duties on stainless steel billet and hot-rolled stainless steel plate/coil imported from EU, Japan, Korea and Indonesia for 5 years. Tax rate is from 18.1%~103.1%. Besides, China Ministry of Commerce accepted applications of price commitment from some Korean enterprises, not imposing anti-dumping on those enterprises whose prices are not lower than the minimum price.
(To contact the reporter on this story: molly.shi@steelhome.cn or 86-21-50585358) |