Taiwan extends AD tariff on Chinese & South Korean CR stainless steel for 5 years
30 Aug 2019 16:00 reported by Jordan Huang
According to the news from the Ministry of Finance, R.O.C. (Taiwan), the Taiwanese government decided to levy an anti-dumping tariff on 300 series cold-rolled stainless steel products from China and South Korea for the next 5 years.
Because of the oversupply situation on the global steel industry, many countries also built the trade barrier to protect the domestic company, such as the EU started the investigation on imported hot-rolled steel from China, Taiwan, and Indonesia earlier.
The Taiwanese government announced that for those 300 series cold-rolled stainless steel products from China and South Korea, and the imports had decreased by 52% and 80% respectively after levying an import tariff. However, although the quantity had decreased a lot, the dumping condition was still existing.
After the evaluation of the total factors, the Taiwanese government deiced to extend the anti-dumping tariff on 300 series cold-rolled stainless steel products, and Yusco and Tang Eng Iron Works Co., Ltd. were expected to become the main beneficiary.
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