MOFCOM Announces Final Ruling on Anti-dumping Investigation against Stainless Steel Billet and Hot-rolled Stainless Steel Plate/Coil
Date: 2019-7-23

MOFCOM Announces Final Ruling on Anti-dumping Investigation against Stainless Steel Billet and Hot-rolled Stainless Steel Plate/Coil

On July 22, 2019, MOFCOM released the announcement on final ruling, stating that dumping exists in the stainless steel billet and hot-rolled stainless steel plate/coil originating in the EU, Japan, the Republic of Korea and Indonesia, China’s domestic stainless steel billet and hot-rolled stainless steel plate/coil industry were substantially damaged, and there was a causal relationship between the dumping and the substantive damage. MOFCOM decided to impose anti-dumping duties on the stainless steel billet and hot-rolled stainless steel plate/coil originating in the EU, Japan, the Republic of Korea and Indonesia by 18.1%-103.1% duty rates for five years from July 23, 2019. In addition, MOFCOM accepted the application for price commitments from related Korean enterprises, and would not impose anti-dumping duties on related products not lower than the committed price.

 
Responding to the application of domestic stainless steel billet and hot-rolled stainless steel plate/coil industry, MOFCOM released an announcement on July 23, 2018, deciding to initiate the anti-dumping investigation against the stainless steel billet and hot-rolled stainless steel plate/coil originating in the EU, Japan, the Republic of Korea and Indonesia. After that, China carried out the investigation strictly according to the relevant Chinese laws and regulations and the WTO rules. Based on preliminary investigation, MOFCOM announced the positive preliminary ruling on March 22, 2019, and made the above final ruling after a series of further investigations.
 
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