Thailand's Department of Foreign Trade has initiated the second review of anti-dumping (AD) duties on cold-rolled stainless steel flat products imported from China. This step was taken following an application by POSCO-Thainox Public Company Limited. The company stated that terminating the existing measures could lead to the resumption of dumping and damage to the domestic industry.
The duties were first imposed in December 2012 and extended for five years in December 2019. The current measures cover cold-rolled stainless steel products in coils, sheets, and strips. The relevant products are under the customs codes 7219.32.00.030, 7219.32.00.040, 7219.33.00.030, 7219.33.00.040, 7219.34.00.030, 7219.34.00.040, 7219.35.00.030, 7219.35.00.040, 7220.20.10.030, 7220.20.10.040, 7220.20.90.030 and 7220.20.90.040.
Until the investigation is concluded, anti-dumping duties will continue to be collected in the form of deposits. This period was limited to no more than one year. Previously, Thailand had set a zero-tax rate for companies such as Shanxi Taigang Stainless Steel Co., Tianjin Tisco & TPCO Stainless Steel, and Guangdong Taigang Stainless Steel Processing & Distribution while imposing a tax of 8.5% for Ningbo Baoxin Stainless Steel Co. and 33.32% for other Chinese exporters.
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