Taiwan rules steel makers hurt by products from six countries

Focus Taiwan
Date: 2017/01/23
By: Huang Chiao-wen and S.C. Chang

Taipei, Jan. 23 (CNA) The Ministry of Economic Affairs has ruled that steel products

(CNA file photo)

imported from China, South Korea and four other countries have caused “substantive damage” to the local steel industry and will ask the Ministry of Finance to decide whether to impose anti-dumping taxes on the imports.

A trade investigation committee, chaired by Vice Economics Minister Wang Mei-hua (王美花), concluded Monday that three steel products have substantively damaged domestic steel industry.

One was carbon steel plate imported from Brazil, China, India, Indonesia, South Korea and Ukraine. The committee found that carbon steel plate imports from those countries surged from 314,604 tons in 2011 to 490,934 tons in 2014, forcing local producers to cut prices below their production costs to compete.    [FULL  STORY]

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