CSC Starts Investigation for AD against Imported Steels Mainly from China

Taiwanese major steel maker, China Steel Corporation (CSC) announced on Wednesday the firm started investigation for antidumping appeal against low-price steel imports. CSC pointed out overseas steel makers, mainly Chinese makers, as well as steel trading companies of South Korea and Japan are increasing the sales to Taiwanese market. As a result, Taiwanese steel market price is lowering, CSC argued. CSC insisted the firm was forced to reduce its flat rolled steel selling price for September shipment and showed a concern on continuous market price down.

CSC advocated low-price imports such as boron added plate and cold rolled sheet from China, plate and cold rolled sheet from South Korea, electriical steel from Japan, and plate from India. CSC says the import prices are lower than Taiwanese domestic prices though including cost, insurance and freight. Thus Taiwanese steel makers are suffered from order receipt decrease and some of them turned into the red ink. CSC judged the fundamentals are suit for AD case and launched investigation for AD filing by engaging lawyers.

CSC insited that the Taiwanese market is strongl impacted by China’s boron added plate. Out of Taiwan, Vietnamese government will raise the tariff against China’s boron added plate to 10% on August 25 from present zero tariff. CSC offered Taiwanese government to implement strict screening on China’s low-grade plate in order to maintain public safety as well as national standard inspection on plate imported from other countries than China.