The Chinese authorities announced that from the 1st, China will continue to impose anti-dumping duties on stainless steel products imported from the European Union, the United Kingdom, South Korea, and Indonesia for a period of five years.
According to information on the official website of China’s Ministry of Commerce, in response to the application by China’s stainless steel billet and stainless steel hot-rolled plate/coils industry, the Ministry of Commerce released an announcement on July 22, 2024, to launch a sunset review investigation of the anti-dumping measures applicable to stainless steel billets and stainless steel hot-rolled plate/coils originating from the EU, the UK, South Korea, and Indonesia.
The Ministry of Commerce determined that if the anti-dumping measures were terminated, dumping of stainless steel billets and stainless steel hot-rolled plate/coils originating from the EU, the UK, South Korea, and Indonesia and the resulting harm to China’s related industries might continue or reoccur.
In accordance with the provisions of the Anti-Dumping Regulations, based on the investigation results the Ministry of Commerce submitted a recommendation to the Tariff Policy Commission of the State Council to continue implementing the anti-dumping measures. The Tariff Policy Commission, based on the Ministry of Commerce’s recommendation, has decided that starting from July 1, 2025, anti-dumping duties will continue to be imposed for a period of five years on stainless steel billets and stainless steel hot-rolled plate/coils originating from the EU, the UK, South Korea, and Indonesia.
All companies from the EU and the UK will face an anti-dumping duty rate of 43%. For South Korean companies, POSCO will be subject to a rate of 23.1%, while other South Korean companies will have a rate of 103.1%. Indonesian companies will be subject to a 20.2% anti-dumping duty rate.