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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.
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Australia's Anti-Dumping Commission has initiated an anti-dumping and countervailing investigation on certain railway wheels imported from China, according to an announcement on its official website released on April 18.
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Taiwan has decided to initiate anti-dumping and countervailing duty investigations into steel imports from China including stainless hot-rolled steel products and specific carbon cold-rolled steel products, according to a post released by the Ministry of Finance (MoF) in Taipei on April 17.
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China will impose 25% tariffs on $50 billion worth of imported goods from the US such as aircraft, China's Ministry of Commerce (MoC) announced late on April 4. The move was Beijing's response to the announcement of the United States Trade Representative (USTR) the previous day that Washington intends to apply tariffs of 25% to some 1,300 Chinese industrial products.
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South Korea's steelmakers will be able to export up to 2.68 million tonnes of steel to the US per year free from the recent controversial 25% import tariff, under a deal Korea's trade minister Kim Hyun-chong thrashed out in Washington last week.
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China's Ministry of Commerce (MoC) Monday expressed concern at the decision of the European Commission to launch an investigation to determine whether safeguard measures need to be applied to protect the community's steelmakers from an increase in imports as a consequence of Washington's 25% tariff.
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The United States International Trade Commission (USITC) announced on March 19 it was terminating its investigation of antitrust claims against China-origin steel products, a decision which delighted the Chinese side having successfully argued all three claims in the Section 337 probe.
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Taiwan has joined the many steelmaking and metal processing countries and regions worldwide condemning the order signed by US President Donald Trump last Thursday that would impose a 25% tariff on imported steel and 10% on aluminum products.
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China's Ministry of Commerce (MoC) urges the US government to abolish its tariffs on all imported steel and aluminum products from a number of countries including China, according a MoC statement on March 9 in response to the latest decision by US President Trump on March 8.
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The China Iron & Steel Association (CISA) expressed its "strong objection" to the US President Trump's decision to impose tariffs on all imported steel and aluminium products on the early morning of March 9.
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China's February finished steel exports rebounded by 197,000 tonnes or 4.2% month on month to 4.85 million tonnes, according to the latest statistics released by China's General Administration of Customs on March 8.
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Washington's increasing protectionism in steel trade could encourage targeted producers to seek new export bases for the US market that are less likely to be caught up in future trade cases.
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The European Commission (EC) has finished its review investigation concerning imports of seamless pipes and tubes of stainless steel originating from China, and decided to extend the existing anti-dumping measures for another five years.
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The South Korean government is considering how best to respond should US President Donald Trump proceed to place hefty tariffs on all imported steel and aluminium products as he warned last week. But unlike Canada, China and the European Union which immediately threatened to take retaliatory action, Seoul is adopting a cautious stance.
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The U.S. Department of Commerce (DoC) has announced affirmative final rulings in the antidumping duty and countervailing duty investigation into imports of aluminium foil originating from China, saying foil was dumped and that Chinese manufacturers benefitted from government subsidies.
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China's Ministry of Commerce (MoC) strongly rebutted the latest findings released by the US Department of Commerce (DoC) on February 16, confirming that steel and aluminum exports to the US from the countries including China "threaten to impair the national security".
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Komite Anti-Dumping Indonesia (KADI) has decided to conduct the second sunset review of anti-dumping case on imports of H-beam & I-beam from China on October 27 2017, in response to a petition filed by PT Gunung Garuda, an Indonesian steel mill, according to a KADI notice on February 1.
