Taiwan takes the Thai anti-dumping duties as a competitive advantage
Soon after the
Thailand's Department of Foreign Trade announced the imposition of anti-dumping duties on imports of hot rolled steel sheet for 14 countries, and the specific rates on country and company basis are revealed, looking at the rates,
Taiwan comments that these duties are giving them a competitive advantage compared to those for
Japan and South
Africa.
According to the
Thailand's final decision, Taiwanese hot rolled steel sheet makers are facing an anti-dumping duty of either 3.45% or 25.15%. The lowest company specific duty rates apply to the Taiwanese mills
China Steel Corp. and Yieh Loong at 3.45%, and other Taiwanese mills will be subject to 25.15%. Among the 14 countries, South African makers will be imposed the highest rate of 128.11%, including Saldanha Seel and Iscor Ltd.
In view of the above picture,
CSC and Yieh Loong both believe that such circumstances will render their hot rolled steel sheet more competitive in
Thailand as compared with
Japan and South
Korea.
Meanwhile, Thai authorities are considering to review the AD duties in view of the Japanese owned cold rolling mills in
Thailand arguing that
Thailand lacks the right quality HR
production for their further processing, which they currently supply from the Japanese mills. It is reported that the discussions over a possible exemption might last for a while by Thai authorities.
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