China Extends Anti-Dumping Duties on Stainless Steel Billets and Coils

Strategic Insights -

China's Ministry of Commerce announced the extension of anti-dumping duties on stainless steel billets and hot-rolled stainless steel plates and coils imported from the European Union, the United Kingdom, the Republic of Korea, and Indonesia for another five years. This decision follows an expiry review of anti-dumping measures initiated in July 2024 at the request of China's domestic industry. The extended measures aim to prevent the dumping of these products and protect China's domestic industry. The anti-dumping duties will range from 20.2% to 103.1% for the imported products.

Key Takeaways:

  • China's Ministry of Commerce extended anti-dumping duties on stainless steel billets and hot-rolled stainless steel plates and coils for another five years, starting from Tuesday.
  • The extension follows an expiry review initiated in July 2024 at the request of China's domestic industry.
  • The anti-dumping duties will be applied to imports from the European Union, the United Kingdom, the Republic of Korea, and Indonesia.
  • The duties will range from 20.2% to 103.1% for the Republic of Korea, 43% for the European Union and the United Kingdom, and 20.2% for Indonesia.
  • Stainless steel billets and hot-rolled stainless steel plates and coils are widely used in various industries, including ships, containers, railways, electric power, and petrochemicals.
  • The extended measures aim to prevent the dumping of these products and protect China's domestic industry from potential harm.
  • China's domestic industry requested the expiry review, citing concerns about the ongoing or renewed harm caused by the dumping of stainless steel billets and hot-rolled stainless steel plates and coils.

Statistics:

  • 5-year extension period for anti-dumping duties on stainless steel billets and hot-rolled stainless steel plates and coils.
  • 20.2-103.1% anti-dumping duty range for imports from the Republic of Korea.
  • 43% anti-dumping duty for imports from the European Union and the United Kingdom.
  • 20.2% anti-dumping duty for imports from Indonesia.
  • July 2024: Expiry review initiated by China's Ministry of Commerce at the request of domestic industry.

Sources:

  • People's Republic of China -- State Council News
  • China's Ministry of Commerce announcement (no specific date)
  • China's domestic industry request for expiry review (no specific date)