TAIPEI (Taiwan News) — Taiwan will impose provisional anti-dumping duties on certain electrical steel imports from China and South Korea starting June 8, the Ministry of Finance’s Customs Administration said Tuesday.
The administration said cold-rolled, flat-rolled, non-oriented electrical steel products from the two countries will face provisional duties for four months while the investigation continues, per CNA. Officials said the measure is intended to prevent further harm to Taiwan’s industry during the review process.
Under the ruling, South Korean companies named in the investigation, including POSCO and several affiliated exporters, will face a provisional duty rate of 45.68%, per Liberty Times. Other South Korean manufacturers and exporters will be subject to a higher rate of 49.84%.
All Chinese manufacturers and exporters covered by the case will face a provisional anti-dumping duty of 26.44%.
The administration said the Ministry of Finance and the Ministry of Economic Affairs concluded in a preliminary determination that dumping had occurred and caused material injury to Taiwan’s domestic industry. The duties will remain in place for four months.
Under Taiwan’s trade procedures, the Ministry of Finance must complete its final dumping determination within 60 days. If dumping is confirmed and the Ministry of Economic Affairs subsequently finds injury to domestic producers, the case will be reviewed to determine whether permanent anti-dumping duties should be imposed.
