MOFCOM reviews AD duties on CRC
Chinese Ministry of Commerce (MOFCOM) is reportedly reviewing anti-dumping duties on cold rolled coil imported from
Russia, South
Korea,
Taiwan,
Ukraine and
Kazakhstan to determine whether to suspend the duties.
The rising cold rolled coil prices in
China are stated be the main driver behind MOFCOM's action.
As previously reported by SteelOrbis, MOFCOM initiated a public hearing on June 1, 2004 to determine whether to lift the subject duties.
MOCFOM is expected to reveal its decision next week. It is reported that MOFCOM will probably suspend the duties.