Thai SS users complain about the duties implemented
Stainless steel users in Thailand claim that for certain products international quality standard stainless steel in not produced in the country and therefore they are dependent on the imports. However these additional duties will raise their production costs which will eventually avoid their competitiveness. Finished stainless steel imports are presently subject to a duty rate of 1% to 10%. The Committee of Foreign Trade Department of Thailand implemented anti-dumping duties to 47 items of cold rolled stainless steel imports from certain countries to be valid until November 29, 2002.Japan : 18.67% - 52.03% of CIF price EU : 10.05% - 51.12% Taiwan: 7.77% - 60.19% Korea : 51.54%Also anti-dumping duties of 30% of CIF value for 56 items of hot rolled steel from 14 countries namely Japan, South Africa, Russia, Kazakhstan, India, South Korea, Taiwan, Venezuela, Argentina, Ukraine, Algeria, Indonesia, Slovakia, Romania are to take effect as of today, replacing surcharges that expired by the end of July 2002. The Stainless Steel Product Manufacturers' Club is reported to be in preparations of submitting a request to the Committee of Foreign Trade Department of Thailand to review the anti-dumping duties this month. According to comments, such requests are appreciated in order to determine the proper rates to apply as validity of these duties might be extended upto five years.