On July 22, China’s Ministry of Commerce (MOC) has issued a final announcement stating that the dumping of semi-finished stainless steel and hot rolled stainless steel plate/coil from the EU, Japan, South Korea and Indonesia has been found to have caused material injury to the domestic industry, and that there was a causal relationship between dumping and material injury.
China has thus decided to impose as of July 23 this year antidumping duty on semi-finished stainless steel and hot rolled stainless steel plate/coil from the EU, Japan, South Korea and Indonesia, with an antidumping duty rate of 18.1-103.1 percent, lasting for five years.
In addition, the MOC has accepted a commitment given on pricing by relevant enterprises in South Korea and will not impose antidumping duty on the related products if the price is not lower than the agreed price.
