Taiwan finds Chinese steel exporters threaten local sector

Taiwan News  
Date: 2018/06/16
By:  Central News Agency

Taiwan’s steel sector faces a threat from China. (By Central News Agency)
TAIPEI (CNA) – Taiwan’s International Trade Commission (ITC) has found certain that Chinese steel products sold to Taiwan pose a “threat of material injury” to the local steel industry and could face punitive duties.

The ITC launched an investigation into Chinese exporters of five particular steel products — carbon cold rolled steel, stainless hot rolled steel, carbon steel plant, galvanized steel and stainless cold rolled — in April.

In a preliminary ruling released earlier this week, the ITC said it did not find the Chinese steel products to have caused material injury but did find they posed the “threat of material injury,” and anti-dumping and countervailing duties (CVD) could still be imposed if the final conclusion is the same as the preliminary ruling.

The investigation looked at steel imports from China during the period of 2015 to 2017 to figure out whether the sales caused damage to the local steel industry, the ITC said.    [FULL  STORY]

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