China’s Ministry of Commerce (MOC) will extend the antidumping duties on imports of grain-oriented flat rolled electrical steel from Japan, South Korea, and the European Union for five years effective from July 23, according to a report by Reuters.
The antidumping duty rates on the given products are at 39.0-45.7 percent for Japan, at 46.3 percent for the EU and at 37.3 percent for South Korea, as SteelOrbis previously reported.
The move followed a petition by major Chinese steelmakers, including Baoshan Iron and Steel Co., Ltd. and a unit of Beijing-based Shougang Group, as they argued that ending the tariffs could lead to further dumping and would hurt the domestic steel sector.
Grain-oriented electrical steel or grain-oriented silicon steel is mainly used in transformers and is more expensive than carbon steel.