China Extends Anti-Dumping Duties on Stainless Steel Billets and Hot-Rolled Sheets and Coils from EU, UK, ROK, and Indonesia

Strategic Insights -

The Chinese Ministry of Commerce has decided to extend anti-dumping duties on stainless steel billets and hot-rolled sheets and coils imported from the European Union, the United Kingdom, the Republic of Korea, and Indonesia for another five years. This decision follows an investigation initiated in July 2024, requested by the Chinese industry, which feared that the termination of anti-dumping measures would lead to further damage to the domestic industry. The extended measures will apply to imports from Kazakhstan, the EU, the UK, and Indonesia, with anti-dumping duties ranging from 20.2% to 103.1%.

Key Takeaways:

  • The Chinese Ministry of Commerce has extended anti-dumping duties on stainless steel billets and hot-rolled sheets and coils for another five years, from July 1, 2029.
  • The decision was made following an investigation initiated in July 2024, requested by the Chinese industry, due to concerns that the termination of anti-dumping measures would lead to further damage to the domestic industry.
  • Anti-dumping duties will apply to imports from Kazakhstan, the EU, the UK, and Indonesia, with rates ranging from 20.2% to 103.1%.
  • The extended measures aim to prevent dumping of stainless steel billets and hot-rolled sheets and coils, which are widely used in shipbuilding, container manufacturing, railway construction, electric power, petroleum, and petrochemical industries.
  • The investigation was focused on the potential impact of the termination of anti-dumping measures on China's industry, including the potential for further damage or new damage to the domestic industry.

Statistics:

  • The extended anti-dumping duties will last for five years, from July 1, 2029.
  • Anti-dumping duty rates range from 20.2% to 103.1%.
  • The investigation was initiated in July 2024, at the request of the Chinese industry.

Sources:

  • Xinhua
  • People's Republic of China - State Council News
  • MIL-OSI Publisher Translation. Region: Russian Federal Source: People's Republic of China in Russian -- People's Republic of China in Russian -- Source: People's Republic of China