China ends AD duties on imported CR

28/09/2008 12:00 - 728 Views

According to China Ministry of Commerce China will terminate antidumping duties on cold-rolled steel products originating in or imported from Russia, South Korea, Ukraine, Kazakstan and China's Taiwan.

MOC determined on September 23rd, 2003 that there was a reasonable indication that a home industry was materially injured by reason of imports of cold rolled steel products from the aforesaid countries and region and decided to impose antidumping duties for the following five years.

In accordance with relevant regulations of the regulation of the people republic of China on anti dumping the period for the levy of an anti-dumping duty and fulfillment of a price undertaking shall not exceed 5 years. However, the period for the levy of the anti-dumping duty may be extended as appropriate if, as a result of the review, it is determined that the termination of the duty would be likely to lead to continuation or recurrence of dumping and injury.

MOC reminded on January 15th 2008 that the duties would expire on September 23rd 2008 and domestic industry can apply for sunset review 90 days ahead of the deadline. MOC did not receive any application during the time limit and also decided not to launch initiative review of the case.

September 24, 2008

Source: steelguru.com