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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.
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Anti-dumping duties Malaysia imposed earlier this month on hot-dip galvanized steel sheets and coils imported from China and Vietnam are expected to have limited impact on Chinese exports of the coated sheets, market sources indicated on Monday.
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China’s decision to impose provisional duties on stainless billets and stainless hot-rolled flat products is expected to ease the pressure of oversupply in domestic stainless market in the coming term, a market source observed on March 25.
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China’s Ministry of Commerce announced on March 22 to impose provisional duties on stainless slabs and billets, and stainless hot-rolled flat products from the origins including the European Union, Japan, South Korea and Indonesia.
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The European Commission’s definitive safeguard measures on imports of steel products which took effect from February 2 are unlikely to hurt China’s steel exports, according to Chinese market sources Wednesday.
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Leading Chinese commodity market intelligence agency Mysteel has successfully completed an external assurance review of its iron ore price indices in relation to the IOSCO Principles for Financial Benchmarks.
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Chinese galvanized iron exporters are concerned about new antidumping duties that the Malaysian government has imposed on China- and Vietnam-origin galvanized iron products, as Malaysia is one of the major destinations of these products, market sources shared on Tuesday.
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The Gulf Cooperation Council (GCC) has ended its one-and-a-half-year long antidumping investigation into Chinese seamless pipe imports and decided not to impose dumping duties, a decision which has reassured many Chinese exporters of these products, according to market sources Tuesday.
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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).
