MOF of Taiwan Probes Dumping by China, Japan, Korea and India

11/04/2012 12:00 - 405 Views

Taipei, April 9, 2012 (CENS)--Taiwan’s Ministry of Finance (MOF) has officially started investigating dumping by steelmakers from China, Japan, South Korea and India, which will be levied anti-dumping taxes by the end of July once found guilty of having dumped steel products in Taiwan to undermine domestic manufacturers.

The investigation comes on the heels of charges filed by China Steel Corp. (CSC), Taiwan’s largest integrated producer of steel products, who complained of dumping by South Korea (carbon steel plates), India (carbon steel plates), China (carbon cold-rolled steel) and Japan (non-directional low-end electromagnetic steel sheets).

CSC said that China, India, South Korea and Japan subsidize steel manufacturers to enable exporting of unfairly cheap products to Taiwan to undermine CSC’s competitiveness, also warning of the inferior quality of some of the imports that may compromise Taiwan’s major public works projects.

2012/04/09
By Ben Shen
Source: news.cens.com