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The Japanese government has asked
the World
Trade Organization (WTO) to set up a dispute settlement panel to adjudicate on
its quarrel with South Korea over Seoul’s imposition of antidumping duties on
Japan-origin stainless steel bars 14 years ago that has remained in place today.
“Japan considers (South Korea’s) decision to extend the
antidumping duties to
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India has decided to initiate an anti-subsidy investigation into imports of welded stainless pipes and tubes produced or exported from China and Vietnam. However, the impact of the potential duties on China’s stainless market remains unclear as the final determination about levying anti-subsidy duties has not been made, a Chinese market source said.
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China’s steel industry will likely face a more challenging environment from the last quarter of this year, especially with the escalation of trade friction between the United States and China, according to Liu Zhenjiang, party secretary and secretary general of the China Iron & Steel Association (CISA).
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Malaysia’s central government has agreed to review the imposition of antidumping duties on imports of hot rolled coils, chequered coils and pickled & oiled coils, according to an official announcement released by Malaysia’s Ministry of International Trade and Industry (MITI) on August 15.
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The Canada Border Service Agency (CBSA) has launched an investigation into imports of corrosion-resistant steel sheet from China, Chinese Taipei, India and South Korea, according to a release the CBSA posted on July 27.
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China's Ministry of Commerce (MoC) is launching a preliminary antidumping investigation into imports of stainless steel semis (slabs and billets) and hot-rolled stainless coil and plate from Indonesia, the European Union, Japan and South Korea, according to an official notice posted on its website Monday.
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The European Commission's imposition of 25% provisional tariffs on 23 steel categories on certain conditions since July 19 is unlikely to hurt China in the short term, but the risk is mounting in the long term if other countries adopt similar practices, Chinese market shared on Thursday.
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China began imposing tariffs on $34 billion of products imported from the United States at 12:01pm (Beijing time) on July 6 in response to the new tariffs introduced a minute earlier by Washington, according to an official from China's General Administration of Customs reported by Xinhua News Agency on Friday.
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The additional tariffs that US Customs intends to impose on China-origin goods will backfire on the United States if the penalties are imposed as scheduled on July 6, China's Ministry of Commerce spokesman Gao Feng told media at the ministry's regular press conference on Thursday.
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China will steadily push forward with policies to open up its markets to foreign goods and investment as the central government has vowed, regardless of any changes in attitude by the United States, China's Ministry of Commerce (MoC) spokesman Gao Feng told media at the ministry's regular morning press conference on Thursday.
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Japan's Ministry of Economy, Trade and Industry (Meti) has formally requested discussions with South Korea under the auspices of the WTO regarding the antidumping duties Seoul has had in place on Japan-origin stainless steel bars for nearly 14 years.
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The most-traded October rebar contract on Shanghai Futures Exchange (SHFE) closed at Yuan 3,769/tonne ($598/tonne) as of June 19, plummeting Yuan 113/tonne or 2.9% from June 15, the first trading day after China's Dragon Boat Festival mainly in response to the escalating Sino-US trade friction over the past few days.
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China's Ministry of Commerce (MoC) made it clear in its latest post on the morning of June 19 that it is ready to fight back any additional tariffs from the US "in a comprehensive measure with the combination of quantity and quality", according to the MoC post.
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China's steel mills have been contented with their core domestic steel market, showing little concern in the heated trade tension now between the US and European Union on steel and aluminum imports tariffs though the friction between US and China seems to be easing.
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The Canadian International Trade Tribunal (CITT) gave a notice on May 28 that it was initiating a preliminary injury inquiry to determine whether imports of cold-reduced flat-rolled sheet products of carbon steel originating from China, South Korea and Vietnam are harming Canadian producers.
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China has criticized the European Commission's decision announced on May 24 to initiate an anti-dumping probe into imports of China-origin sheet piles, with the Ministry of Commerce in Beijing declaring that the EC's frequent trade remedy investigations into Chinese steel products have "severely disturbed" normal steel trade between China and the European Union.
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South Korea's Trade Commission announced on Thursday to slap an 8.6% antidumping duty on imports of low carbon galvanized steel wire from China, claiming that low-priced Chinese imports have been hurting the domestic industry.
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The US Department of Commerce's final affirmative ruling announced last week on corrosion-resistant steel (CORE) and certain cold-rolled flat products imported from Vietnam - which slaps hefty penalties on these for their incorporation of hot rolled and cold rolled coil substrate originating in China - is being brushed aside by Chinese industry insiders.
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South Korean steelmakers should closely monitor the steel items exported from China to the US which Washington is targeting with trade actions, as many overlap those from South Korea to the US customers and thus may face similar treatments, a Korean private-sector trade organization warned on May 8.
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Capacity utilization among China's steelmakers climbed 3.2 percentage points on year to 76.9% in this year's first quarter, a level the government seems pleased with.
