Three Stainless Steel Anti-dumping News

South Korea plans to impose temporary anti-dumping duties

On January 16, the Korea Trade, Industry and Resources Trade Commission announced the preliminary investigation results on stainless steel medium and thick plates made in China at the 456th meeting of the Trade Commission, and decided to recommend that the Ministry of Economy and Finance impose a temporary anti-dumping duty of 21.62% on Chinese stainless steel medium and thick plates. Mainly because it has caused serious impact on the Korean steel industry in the shipbuilding field.

It is reported that the final conclusion of the anti-dumping investigation is expected to be announced around June after public hearings and on-site inspections. This temporary duty can even be imposed before the completion of the main anti-dumping investigation, providing a breathing space for the Korean steel industry.

Stainless steel plates refer to products with a thickness of ≥4.75mm and a width of ≥600mm, mainly used in shipbuilding.

According to the Korea Iron and Steel Association, the amount of stainless steel plates imported from China from January to October 2024 was 1.158 million tons, exceeding the total import volume of 1.123 million tons in 2023. To this end, the Korea Trade Commission decided to impose high temporary tariffs to protect the interests of local steel companies.

The United States withdraws anti-dumping duties on certain coils from Taiwan

The U.S. Department of Commerce (Commerce) will withdraw its administrative review of the administrative review order on certain stainless steel coils from Taiwan, China, for a review period of May 1, 2023 to April 30, 2024.

Effective date: January 13, 2025.

Revocation of review

Pursuant to 19 CFR 351.213 (d) (3), the U.S. Department of Commerce's practice is to withdraw administrative review of anti-dumping duty orders if there are no subject goods to review during the review period during which the liquidation is suspended.

Peru launches anti-dumping investigation against Chinese stainless steel sinks

On January 11, 2025, the Dumping, Subsidies and Elimination of Non-Tariff Barriers to Trade Commission of the National Competition and Intellectual Property Protection Bureau of Peru published Announcement No. 108-2024/CDB-INDECOPI in the official daily newspaper El Peruano, stating that at the request of Peruvian manufacturer Manufactura de Metales y Aluminio Record S.A., an anti-dumping investigation was initiated against stainless steel sinks (Spanish: lavaderos de acero inoxidable) originating from China.

The dumping investigation period of this case is from July 2023 to June 2024, and the injury investigation period is from January 2021 to June 2024.

The Peruvian tax numbers of the products involved are 7324.10.00.00, 7324.29.00.00 and 7324.90.00.00. The announcement will take effect from the date of publication.