Trade Commission: Second Extension of Anti-Dumping Duties on Chinese H-Beam Steel Up to 32.72%

Trade Commission, Second Extension of Anti-Dumping Duties on Chinese H-Beam Steel Up to 32.72%

Provisional Anti-Dumping Duties of 25.08-27.96% Recommended for Chinese Bar Steel

The Ministry of Trade, Industry and Energy's Trade Commission has decided that anti-dumping duties and price undertakings applied to Chinese H-beam steel should be maintained for another five years.

The Trade Commission held its 477th meeting on the 17th to review whether to impose anti-dumping duties and terminate price undertakings on Chinese H-beam steel, and concluded that it is necessary to extend the anti-dumping measures for another five years.

H-beam steel is used as column material for buildings and factories, and as structural steel for apartments, subways, and bridges.

A price undertaking is a system where exporters of dumped goods voluntarily agree to raise their export prices to eliminate damage to the domestic industry caused by dumping.

Previously, the Trade Commission first implemented anti-dumping measures on Chinese H-beam steel in July 2015, and then extended the application period for five years after a first review in 2020. In this second review, initiated at the request of Hyundai Steel and Dongkuk Steel in September last year, the Trade Commission also determined that there is a high risk of recurrence of damage to the domestic industry if the measures are terminated.

Accordingly, the Trade Commission decided to recommend to the Minister of Economy and Finance that the price undertakings at the original level be maintained for the two companies previously subject to price undertakings, Laiwu Steel and Rizhao Steel, and that anti-dumping duties of 28.23-32.72% be imposed on other suppliers for the next five years.

In addition, the Trade Commission resolved to recommend to the Minister of Economy and Finance the imposition of provisional anti-dumping duties on Chinese bar steel used in the manufacturing of parts for automobiles, construction heavy equipment, shipbuilding, bearings, industrial machinery, and other sectors.

The target companies are three Chinese companies: Daye, Jiangsu Yonggang, and Jinteng, with tariff rates ranging from 25.08% to 27.96%.

The Trade Commission plans to make a final ruling in February next year after public hearings and additional data investigations.

Meanwhile, regarding the investigation into unfair trade practices involving patent infringement of a secondary battery fire monitoring system, the Trade Commission concluded the investigation by ruling that the subject goods did not fall within the scope of the applicant's patented invention.