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U.S. sets anti-dumping duties on Taiwanese, other steel makers

U.S. sets anti-dumping duties on Taiwanese, other steel makers

Taipei, Oct. 8 (CNA) The United States Government on Wednesday set anti-dumping margins on non-oriented electrical steel (NOES) from Taiwan, China, Germany, Japan, South Korea and Sweden on the grounds that the products were being sold at "unfairly" low prices in the U.S. NOES is cold-rolled flat-rolled alloy steel that is used in the machine tool industry and in the production of electricity generators. Among the affected Taiwanese companies are China Steel Corp., Taiwan's largest steel maker, and Leicong Industrial Co., according to the U.S. Department of Commerce. A final ruling by the department is due Nov. 17. For now, China Steel faces a 27.54 percent anti-dumping tariff, while Leicong has been ordered to pay an anti-dumping tariff of 52.23 percent and a countervailing or anti-subsidy duty of 17.12 percent. Taiwan's Bureau of Foreign Trade said the move should not have a serious impact on exports because NOES is not a common product on the market. But it said it regrets the ruling nonetheless and stressed that Taiwan's exports have followed World Trade Organization rules. According to the U.S. Commerce Department's statistics, Taiwan's NOES exports to the U.S. fell to US$8.14 million in 2013 from US$17.25 million recorded in 2012. (By Huang Chiao-wen and Lee Hsin-Yin)


Updated : 2020-12-05 02:30 GMT+08:00