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The deadline by December 2020 has lapsed for India’s Ministry of Finance (MoF) to decide on whether to extend the probe or impose the anti-dumping (AD) duties on tinplate and tin-free steel (TFS) imports from four nations including Japan on the recommendation by India’s Ministry of Commerce and Industry (MCI).
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No one would have expected the steelmaking raw materials prices including iron ore, coke and scrap to have attempted multi-year highs in December, a usual off season for steel consumption and production, but the year 2020 had been proven anything but normal, and many iron ore traders ended their 2020 in frustration, as iron ore prices shot up for seemingly no reason at all.
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Japanese industry groups representing the country’s stainless steel traders and producers have expressed deep regret at the decision of the Indian government announced on December 23 recommending that anti-dumping duties be imposed on stainless flat products imported from several countries including Japan, arguing that their products have not caused damage to India’s stainless industry.
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One of the longest-running disputes in global steel trading might finally be resolved. This follows the recent decision of a dispute settlement panel of the World Trade Organization (WTO) which ruled that South Korea’s imposition of anti-dumping duties on Japanese stainless bars for the past 16 years violates WTO rules.
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Union Commerce Ministry’s investigation arm DGTR has initiated a probe to review the need to continue imposition of anti-dumping duty on certain types of steel products imported from China, Korea, European Union, South Africa, Taiwan, Thailand and the US following complaints from domestic industry, according to a notification.
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The Thai government’s imposition of 35.67% anti-dumping duties targeting China-origin hot-dipped galvanized (HDG) coils and sheets, announced on August 3, is being seen as an additional dampener on Chinese steel exports. Though for now, Chinese steel producers and traders are more focused on their home market.
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A quick look at how China's economy and steel market performed in the first half of 2020.
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South Korean and Japanese steel producers are currently not offering cargoes in the Indian market due to low demand and anti-dumping duties.
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Anna and Olivia will be discussing some of the key topics discussed during the 2020 SEAISI e-Conference, ASEAN's flagship steel industry conference.
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Japan Iron & Steel Federation (JISF) expressed regret on hearing that India’s Ministry of Commerce and Industry will recommend anti-dumping measures on Japan’s tinplate and tin-free steel (TFS) exports after having completed the probe, JISF chairman Eiji Hashimoto remarked on June 23.
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The U.S. Commerce Department had issued a final anti-dumping ruling against imports of stainless steel rods from India claiming that the Indian producers and exporters had sold the stainless steel rods below the normal rates in the U.S during the period under review 1 Feb’17 to 31 Jan’18. But the final duty announced by the U.S. is lesser against the preliminary duties imposed in the month of April this year.
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As per the latest updates, India has imposed provisional anti dumping duty on the imports of aluminium and zinc coated flat products from three countries including China, Vietnam and Korea, according to a notification of the Finance Ministry . Aluminium and zinc coated flat products are used in infrastructure projects, solar power plants, roofing, and white goods.
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As per the latest updates, India has started a sunset review of its anti-dumping duties on flat hot-rolled stainless steel products from China, Malaysia and South Korea.
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China’s steel market sources shrugged off any serious impact on the country’s cold-rolled coil exports because of Vietnam’s anti-dumping probe on some of China’s cold-rolled carbon steel products.
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China is imposing anti-dumping duties of between 18.1% and 103.1% on imports of stainless billets and hot-rolled stainless plate and coil from Indonesia, the European Union, Japan and South Korea, the Ministry of Commerce (MoC) announced on July 22. The penalties take effect from Tuesday, July 23, and will be effective for five years, the MoC said.
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Little impact is expected from Ukraine’s 22.8% anti-dumping duties on China’s hot-dipped galvanized flat steel products, as China’ sales of such products to Ukraine have been minor in quantity, according to the Chinese steel market sources when queried by Mysteel Global on July 10-11.
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China decided to massively raise the anti-dumping duties presently applied on certain alloy-steel seamless tubes and pipes imported from the United States and European Union since June 14, according to an announcement from China’s Ministry of Commerce (MoC) on the same day.
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China’s economy and financial system will be able to withstand the impact of the ever-escalating Sino-US trade friction, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC) confidently predicted on May 28 during an exclusive interview with Xinhua News Agency and People’s Daily.
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Many countries have stepped up their vigilance of Chinese steel imports of late, and so far in April, countries including Malaysia, Egypt, India and Mexico have all launched AD or safeguard probes on exports of China's finished steel, affecting both long and flat, carbon or stainless, Mysteel Global noted.
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Egypt has recently launched a safeguard investigation into imports of semi-finished products of iron or non-alloy steel, and steel rebar (bars, rods and coils) for construction purposes, China’s Ministry of Commerce (MoC) learnt from World Trade Organization.
