Taiwan extends anti-dumping duty on Chinese, Korean cold-rolled stainless steel

Taipei, March 18 (CNA) The Ministry of Finance's (MOF) Customs Administration said Tuesday that anti-dumping duties on Chinese and Korean cold-rolled stainless steel have been extended for another five years.

In a news release, the agency said that cold-rolled from China and South Korea will be taxed 38.11 percent and 37.65 percent, respectively, until March 17, 2030.

The administration said the decision was based on a sunset investigation conducted by the MOF and Ministry of Economic Affairs (MOEA), which determined that ceasing the duties may harm local Taiwanese producers.

Comprehensive analyses by the MOEA also found no sufficient evidence indicating the extension of the duties would markedly negatively impact the overall economic benefits enjoyed by countries upon which the duties are imposed, the administration said.

Anti-dumping duties were first imposed on China and South Korea on Aug. 15, 2013, following a request from Taiwanese company Yieh United Steel Corp., the administration said.

The company applied for an extension of the duties on Feb. 19, 2024, with the sunset investigations announced on Aug. 7, 2024, the administration said.