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