China’s Ministry of Commerce on Monday said it would imposed anti-dumping measures on stainless steel billets, hot rolled stainless steel plates and coils imported from the EU, Japan, the Republic of Korea (ROK) and Indonesia.

The domestic industry has been subject to substantial damages due to the dumping of those products, the ministry said in a final ruling after anti-dumping investigations into the imports.

From Tuesday, duties will be collected at rates ranging from 18.1 per cent to 103.1 per cent for a five-year period, the ministry said on its website.

The ministry has accepted applications of price undertakings from some Korea exporters, meaning that anti-dumping duties will be exempt on products sold in China at prices no lower than respective minimum prices.

After receiving complaints from the domestic industry, the ministry announced in July 2018 to launch the anti-dumping investigation into these products.
The investigation was strictly in accordance with Chinese laws and WTO rules. The ministry unveiled a preliminary ruling in March 2019. (Xinhua/NAN)