By Unknown , 2012-04-12 12:00:00
China Steel Corp. (CSC), Taiwan’s largest integrated producer of steel products, has recently filed dumping charges with the Ministry of Economic Affairs (MOEA) against heavyweight steelmakers as BaoSteel of China, JFE of Japan, Nippon Steel Corp. of Japan, and Pohang Steel Co. of South Korea.
As result, the MOEA has formed a taskforce to investigate actual damage to domestic firms, as well as call a public hearing at the end of April and complete a preliminary damage statement in the beginning of May this year.
CSC suggests that non-directional electrical steel coils imported from Japan enjoy zero tariffs but should be taxed 17.12% anti-dumping duties.
Taiwan’s steelmakers are pursuing 34.16% and 30.28% anti-dumping duties on carbon-steel cold-rolled steel imported from China and South Korea, respectively.
CSC complained that carbon-steel plates imported from South Korea and India are unfairly competing against local firms who believe these products should be levied 35.89% and 38.53% anti-dumping duties, respectively.
The MOEA’s Trade Investigation Commission said the public hearings on the dumping charges will be convened at the end of April, after which the Commission will decide whether the Ministry of Finance has to levy interim anti-dumping duties on the above-mentioned products.
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