Taiwan keeps anti-dumping duty on steel products from 6 countries

16/09/2022 12:07 - 11 Views

Taiwan has decided to continue imposing anti-dumping duties on various steel products from Brazil, China, South Korea, India, Indonesia, and Ukraine for another five years, the Customs Administration under the Ministry of Finance said in an official press statement Wednesday.


The decision to keep the tariffs, first introduced on Aug. 22, 2016, was made after a government review 'oncluded that removing the duties would lead to foreign firms continuing to sell goods to Taiwan at prices lower than those in their home market, the Customs Administration said.


The Ministry of Finance and Ministry of Economic Affairs began the review on Aug. 20, 2021 to determine whether the duties were still needed, according to the statement.


Chinese and South Korean manufactures and vendors of flat-rolled steel products plated or coated with zinc or zinc-alloys will face import duties of 43.38 percent and 77.3 percent, respectively.


Only Fujian Kaijing Green Material Co. in China, which was set up by Taiwan-based Kaijing Group, is exempted, the Customs Administration said.


Meanwhile, Brazilian vendors of carbon steel plates will face a duty of 31.1 percent, while the anti-dumping tariffs on such products from Chinese and Indian makers and exporters are set at 59.57 percent and 32.82 percent, respectively.


The tariffs on products from Indonesia and Ukraine are set at 42.91 percent and 49.29 percent, respectively, but the duties on Ukrainian carbon steel plates are suspended for one year, in line with measures adopted by Taiwan's allies following Russia's invasion, according to the Customs Administration.


South Korean vendors of carbon steel plates face an anti-dumping duty of 80.5 percent, but lower tariffs are set for Hyundai Steel Co. (5.8 percent) and POSCO, POSCO International Corp. Donghwa Corp. GS Global Corp. and Hyosung TNC Corp. (19.99 percent), the agency said.


In order to qualify for the lower duties, Taiwanese importers of goods from vendors with lower anti-dumping duties need to submit documents to prove which firm manufactured the products and that they were shipped directly to Taiwan, the agency added.


Source: Focus Taiwan

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