Chinese Government puts CRC anti-dumping duty into force
A possibility is pronounced in the market that the Chinese Government is bringing into force the previously determined anti-dumping duties on cold rolled steel products.
The Chinese Ministry of Commerce affirmed that the dumping of the investigated products made substantive damage to Chinese steel industry.
Following the repeal of the safeguard measures, it was expected by some industry analysts that the AD duties, determined back in September 23, 2003 but postponed due to special market conditions at that date, would be soon put in effect on CR imports. It is stated that the duties will now come into effect by January 14, 2004.
The exporter countries which will be subject to these anti-dumping duties are
Kazakhstan,
Korea,
Russia,
Taiwan and
Ukraine.
The investigated items include;
72091500 - crc, width >= 600mm, thickness >= 3.0mm
72091600 - crc, width >= 600mm, 1.0mm < thickness < 3.0mm
72091700 - crc, width >= 600mm, 0.5mm <= thickness <= 1.0mm
72091800 - crc, width >= 600mm, thickness < 0.5mm (TMBP excluded)
72092500 - crs, width >= 600mm, thickness >= 3.0mm
72092600 - crs, width >= 600mm, 1.0mm < thickness < 3.0mm
72092700 - crs, width >= 600mm, 0.5mm <= thickness <= 1.0mm
72092800 - crs, width >= 600mm, thickness < 0.5mm
72099000 - cr, width >= 600mm, others
72112300 - cr, width < 600mm, carbon < 0.25%
72112900 - cr, width < 600mm, carbon >= 0.25%
72119000 - cr, width < 600mm, others
Cold rolled steel for producing
tinplate listed under no. 72091800 is excluded from the investigation.
The following anti-dumping duty rates will apply under the scope of this case:
Country Margin
Russia
- Severstal...........9%
- Novolipetsk.........7%
- Magnitogorsk.......18%
- others.............29%
Korea
- Posco...............0%
- Union...............3%
- Dongbu.............14%
- Hysco..............12%
- others.............40%
Ukraine
- Zaporozhstal.......49%
- Ilyich..............9%
- others.............49%
Kazakhstan
- Ispat Karmet.......14%
- others.............48%
Taiwan
- Kao Hsing Chang....14%
- Sheng Yu............6%
- Ton Yi..............6%
- Shang Shing.........7%
- Yieh Loong..........8%
- China Steel........24%
- others.............55%