China Renews Stainless Steel Antidumping Duties on EU, UK, South Korea, Indonesia
China is renewing its antidumping duties on stainless steel billets and stainless steel hot-rolled plates and coils from the EU, the U.K., South Korea and Indonesia, the country's Ministry of Commerce said June 30, according to an unofficial translation. The…
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duties, which will remain in place for five years beginning July 1, include a 43% duty on EU and U.K. companies; a 103.1% duty on Korean companies, along with a 23.1% rate for South Korea-based Posco; and a 20.2% rate for Indonesian companies. Beijing said it renewed the duties, first imposed in 2019, to protect its domestic stainless steel industries.