The government is pushing to impose a 21.62% anti-dumping duty on stainless steel plates from China.
The Ministry of Trade, Industry and Energy held the 461st Trade Commission meeting at the Sejong Government Complex on the 26th, where it deliberated and reached a decision on the anti-dumping investigation. The case reviewed and decided upon this time is the anti-dumping investigation of 'stainless steel plates from China,' which began in September of last year.
The Trade Commission determined that there is substantial damage to the domestic industry due to dumping and dumped imports of the relevant product and decided to recommend to the Minister of Economy and Finance to impose a 21.62% anti-dumping duty for the next five years. The relevant goods have been subject to a provisional anti-dumping duty of 21.62% since March.
Additionally, the Trade Commission held a public hearing on the damage to the domestic industry caused by dumped imports of 'sodium hydrosulfite from China' and 'particleboard from Thailand,' investigations which started in December of last year.
'The investigation into sodium hydrosulfite from China' has been subject to a provisional anti-dumping duty ranging from 15.15% to 33.97% since the 21st. The action period is until October 20.
'The investigation into particleboard from Thailand' is currently under review by the Ministry of Economy and Finance regarding the imposition of a provisional anti-dumping duty ranging from 11.82% to 17.19%, as recommended by the Trade Commission.
A spokesperson from the Ministry of Trade, Industry and Energy noted, 'For the two cases processed through the public hearing, a final determination is expected to be made in the second half of this year after local inspections are conducted domestically and internationally.'