Taiwan Sees Limited Impact of Korean AD Duties on Stainless Steel
Stainless SteelAsia Pacific Circular Economy Roundtable

Taiwan Sees Limited Impact of Korean AD Duties on Stainless Steel

Focus Taiwan reported that Taiwan Steel & Iron Industries Association said that South Korea's plan to impose anti dumping duty of 9.2-9.51% on imports

Focus Taiwan reported that Taiwan Steel & Iron Industries Association said that South Korea's plan to impose anti dumping duty of 9.2-9.51% on imports of flat rolled stainless steel products from Taiwan would have only a slight impact on Taiwanese steelmakers if finalized. TSIIA said that “Taiwanese stainless steel producers send only a small percentage of their exports to South Korea, and the duties are relatively low compared with those faced by competitors in two other countries. Taiwan exported 719,000 tonnes of flat-rolled steel in 2020, of which 6.9%, or 49,000 tonnes. Because China and Indonesia are Taiwan's main competitors in the South Korean market, and the stainless steel from those two countries would face higher anti-dumping rates, any anti-dumping measure taken should not have a major impact on Taiwanese producers.”

South Korea's Trade Commission initiated an anti-dumping duty investigation on certain flat-rolled stainless steel from China, Indonesia and Taiwan after South Korea's largest steelmaker POSCO, filed a complaint in July last year. In a preliminary ruling, South Korea's Trade Commission found that steelmakers of Taiwan, China and Indonesia had dumped their flat-rolled steel products into the South Korean market. As a result, it will launch another investigation of at least three months against suppliers from the three sources before a final decision on anti-dumping tariffs is made. In its preliminary decision, in addition to the projected tariffs against Taiwanese suppliers, South Korea said it planned to impose an anti-dumping tariff of 49.04% against Chinese steelmakers and a 29.68% tariff against Indonesian suppliers.

The products subject to the probe are flat-rolled stainless steel products 8mm thick, and the investigation covers the period from 2017 to 2019https://apceroundtable.com/app/uploads/2019/10/TW-steel.png

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