Duties of 38.11% on China and 37.65% on South Korea will remain for five years, following a review showing no significant economic harm.

The Ministry of Finance’s (MOF) Customs Administration said that anti-dumping duties on Chinese and Korean cold-rolled stainless steel have been extended for another five years. In a news release, the agency said that cold-rolled from China and South Korea will be taxed 38.11 per cent and 37.65 per cent, respectively, until 17 March 2030.

The administration said the decision was based on a sunset investigation conducted by the MOF and Ministry of Economic Affairs (MOEA), which determined that ceasing the duties may harm local Taiwanese producers.

Comprehensive analyses by the MOEA also found no sufficient evidence indicating the extension of the duties would markedly negatively impact the overall economic benefits enjoyed by countries upon which the duties are imposed, the administration said.

Anti-dumping duties were first imposed on China and South Korea in August 2013 following a request from Taiwanese company Yieh United Steel Corp., the administration said.

The company applied for an extension of the duties on February 2024, with the sunset investigations announced on August 2024 the administration said.

Indonesia, China slap anti-dumping duties on each other’s steel products
Indonesia extended anti-dumping import duties of up to 20 per cent for a number of flat-rolled iron and steel products from seven countries, including China, Russia and India according to the Economic Times of India.

Indonesia and China on Friday slapped anti-dumping import duties on each other’s steel products in an escalation of a global tariff row involving one of the world’s most widely used metals.

The duties, which have been in place since 2013, affect Chinese giants Angang Steel Co and Baoshan Iron and Steel Co, Russia’s Severstal and India’s Essar Steel.