SynopsisThe Thai Commerce Ministry's Department of Foreign Trade has initiated an anti-dumping circumvention investigation in response to a request from four domestic steel manufacturers. The investigation focuses on Chinese hot rolled steel sheets in coils and non-coils. Evidence has been presented suggesting potential circumvention of existing anti-dumping measures. This move reflects concerns about the surge in Chinese steel imports into Thailand, and the investigation aims to ensure fair trade practices.ArticleThailand's Department of Foreign Trade, under the Ministry of Commerce, has taken a significant step by launching an anti-dumping circumvention investigation into specific categories of Chinese steel imports. This decision comes following a joint request from four leading domestic steel manufacturers: Sahaviriya Steel Industries PLC, GJ Steel, G Steel, and Sahaviriya Plate Mill PLC.The investigation specifically targets Chinese hot rolled steel sheets in both coil and non-coil forms. These steel products fall under various Harmonized System (HS) codes, including 7225.30.90.022, 7225.30.90.023, 7225.30.90.024, 7225.30.90.032, 7225.30.90.090, 7225.40.90.024, 7225.40.90.090, 7226.91.10.022, 7226.91.10.023, 7226.91.10.024, 7226.91.10.032, 7226.91.10.090, 7226.91.90.022, 7226.91.90.023, 7226.91.90.024, 7226.91.90.032, and 7226.91.90.090.This move is significant given the history of anti-dumping (AD) duties on these steel products. These AD duties were initially introduced in 2012 and were later extended in 2018. Currently, the applicable AD duty rate ranges from 14.28% to 19.47% of the cost, insurance, and freight prices.The decision to launch the circumvention investigation comes as concerns grow about the increasing volume of Chinese steel imports into Thailand. Between January and July of this year alone, Thailand imported 433,305 tonnes of these specific steel products from China. This marked a substantial 36.8% increase compared to the same period the previous year. China's market share in these steel imports also rose significantly, reaching 44.9%, compared to 36.8% in 2022.ConclusionThailand's decision to open an anti-dumping circumvention investigation reflects its commitment to maintaining fair trade practices in the steel industry. The concerns surrounding the surge in Chinese steel imports into the country have prompted this proactive step. The outcome of the investigation will be closely monitored, as it has the potential to impact trade dynamics in the steel sector between Thailand and China.
SynopsisThe Thai Commerce Ministry's Department of Foreign Trade has initiated an anti-dumping circumvention investigation in response to a request from four domestic steel manufacturers. The investigation focuses on Chinese hot rolled steel sheets in coils and non-coils. Evidence has been presented suggesting potential circumvention of existing anti-dumping measures. This move reflects concerns about the surge in Chinese steel imports into Thailand, and the investigation aims to ensure fair trade practices.ArticleThailand's Department of Foreign Trade, under the Ministry of Commerce, has taken a significant step by launching an anti-dumping circumvention investigation into specific categories of Chinese steel imports. This decision comes following a joint request from four leading domestic steel manufacturers: Sahaviriya Steel Industries PLC, GJ Steel, G Steel, and Sahaviriya Plate Mill PLC.The investigation specifically targets Chinese hot rolled steel sheets in both coil and non-coil forms. These steel products fall under various Harmonized System (HS) codes, including 7225.30.90.022, 7225.30.90.023, 7225.30.90.024, 7225.30.90.032, 7225.30.90.090, 7225.40.90.024, 7225.40.90.090, 7226.91.10.022, 7226.91.10.023, 7226.91.10.024, 7226.91.10.032, 7226.91.10.090, 7226.91.90.022, 7226.91.90.023, 7226.91.90.024, 7226.91.90.032, and 7226.91.90.090.This move is significant given the history of anti-dumping (AD) duties on these steel products. These AD duties were initially introduced in 2012 and were later extended in 2018. Currently, the applicable AD duty rate ranges from 14.28% to 19.47% of the cost, insurance, and freight prices.The decision to launch the circumvention investigation comes as concerns grow about the increasing volume of Chinese steel imports into Thailand. Between January and July of this year alone, Thailand imported 433,305 tonnes of these specific steel products from China. This marked a substantial 36.8% increase compared to the same period the previous year. China's market share in these steel imports also rose significantly, reaching 44.9%, compared to 36.8% in 2022.ConclusionThailand's decision to open an anti-dumping circumvention investigation reflects its commitment to maintaining fair trade practices in the steel industry. The concerns surrounding the surge in Chinese steel imports into the country have prompted this proactive step. The outcome of the investigation will be closely monitored, as it has the potential to impact trade dynamics in the steel sector between Thailand and China.
