On May 8, China's Ministry of Commerce (MOC) announced its affirmative determination of material damage to domestic industry within the scope of its antidumping (AD) investigation of imports of high performance stainless seamless pipe from the European Union (EU) and Japan. The AD investigation was launched in September last year.
Accordingly, as of Wednesday, May 9, importers of the products in question from the EU and Japan will be required to pay antidumping cash deposits to the Chinese customs authorities. The deposits will be charged in accordance with the dumping margins of different companies - at rates ranging from 9.7 percent to 39.2 percent of the customs value of the imported goods.
The dumping margins are as follows: 15.8 percent for Japan's Sumitomo Metal Industries, 14.5 percent for Japan-based Kobe Special Tube Co. and 39.2 percent for other Japanese companies; 9.7 percent for Spain's Tubacex Tubos Inoxidables, 17.5 percent for Italy-based Salzgitter Mannesmann Stainless Tubes and 37.5 percent for other EU companies.