China to impose anti-dumping tax on stainless steel from Indonesia, EU, Japan, South Korea By Reuters

China says only small number of firms moving supply chains out of the country


China to impose anti-dumping tax on stainless steel from Indonesia, EU, Japan, South Korea

BEIJING (Reuters) – China said on Monday it will impose anti-dumping duties on some stainless steel products imported from the European Union, Japan, South Korea and Indonesia.

The anti-dumping tariff rates applicable to stainless steel billets and hot-rolled stainless steel plates have been set at between 18.1% and 103.1% on companies in the EU and the three Asian nations, effective July 23, 2019, China’s Ministry of Commerce said in a statement.

The decision follows an anti-dumping probe in July last year.

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