Despite dumping determination, China puts punishment on hold

Despite dumping determination, China puts punishment on hold

In consequence of the complaint filed by the Shanghai-based largest Chinese steel producer Baosteel to the former Ministry of Foreign Trade and Economic Cooperation (MOFTEC)an antidumping investigation into imported cold-rolled coils have been initiated. China's Ministry of Commerce (MOFCOM) determined imports of cold-rolled coils from five countries namely Russia, South Korea, Ukraine, Kazakhstan and Taiwan back in 2001. According to statistics released by MOFCOM, China's domestic level of self-sufficiency was only 49.95% during the 2001 period. Production was 5.48 million tons, while imports amounted to 5.49 million tons. The type of cold rolled coil products covered under the investigation are ordinary carbon steel, carbon steel with a low or ultra-low carbon content, or cold-rolled steel coils produced with micro-alloy steel with or without coating, less than 4 mm in thickness and regardless of their width, be it below or above 600 mm. Please click to read related articles: China puts off intent to impose AD duty on CR steel Preliminary results of Chinese AD investigation on CR imports