China Steel to file first local anti-dumping lawsuit
China, Beijing: China Steel Corp, the nation’s largest steelmaker announced that it was preparing to lodge anti-dumping lawsuits against Chinese and South Korean peers to protect its interests.
China, Beijing: China Steel Corp, the nation’s largest steelmaker announced that it was preparing to lodge anti-dumping lawsuits against Chinese and South Korean peers to protect its interests.
This would be the first anti-dumping lawsuit filed by local steelmakers after the EU, the US and India imposed putative tariffs on steel imports from the world’s major steelmakers including those from China and Taiwan to protect their steel industry, reports Taipei Times.
“China Steel is collecting information to file anti-dumping complaints in order to prevent unfair competition from hurting local steelmakers’ interests,” China Steel spokesperson Lin Horng-nan said in a statement.
According to the report, South Korean, Chinese, Indonesian and Indian companies were dumping their steel products to Taiwan due to a surplus in supply, as Taiwan had gradually reduced tariffs on most steel products to zero after becoming a member of the World Trade Organisation.
China Steel is expected to file the anti-dumping complaint to the International Trade Commission by the end of next month at the latest.
Source: Taipei Times
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