In accordance with the Anti-dumping Regulations of the People's Republic of China (hereinafter referred to as the Anti-dumping Regulations), on July 23, 2018, the Ministry of Commerce of the People's Republic of China (hereinafter referred to as the Investigation Authority or MOFCOM) issued Announcement No.62 of 2018, deciding to carry out anti-dumping investigation into imports of stainless steel billets and hot-rolled stainless steel plates/coils (hereinafter referred to as the Products under Investigation) originating in the EU, Japan, the Republic of Korea and Indonesia.
The Investigation Authority has investigated whether there have been any dumping and dumping margin, whether the Products under Investigation have caused any damages to China's domestic industry, the extent of such damage and the causal relationship between the dumping and the damage. The Investigation Authority made a preliminary ruling (see the Annex) according to the investigation findings and Article 24 of the Anti-dumping Regulations. The relevant matters are hereby announced as follows:
I. Preliminary Ruling
The Investigation Authority has preliminarily affirmed dumping of imports of stainless steel billets and hot-rolled stainless steel plates/coils originating in the EU, Japan, the Republic of Korea and Indonesia, substantial damage to China's domestic stainless steel billet and hot-rolled stainless steel plate/coil industry and the causal relationship between the dumping and the substantial damage.
II. Levying of Margin
The Investigation Authority has decided to carry out the interim anti-dumping measures by levying margin according to Article 28 and Article 29 of the Anti-dumping Regulations. As of March 23, 2019, importers shall pay the relevant margin to the Customs of the People's Republic of China (hereinafter referred to as the Customs) at the rate determined by this ruling for each company when importing the Products under Investigation.
The Products under Investigation are described in detail in the following:
Scope of investigation: imports of stainless steel billets and hot-rolled stainless steel plates/coils originating in the EU, Japan, the Republic of Korea and Indonesia.
Chinese names of the Products under Investigation: 不锈钢钢坯 and 不锈钢热轧板/卷.
English names of the Products under Investigation: stainless steel billets and hot-rolled stainless steel plates/coils.
Description of the products: stainless steel billets and hot-rolled stainless steel plates/coils are alloy steels containing a carbon content of 1.2% or less and a chromium content of 10.5% or more by weight, regardless of the contained other elements, except for cold-rolled stainless steel products. The sections of stainless steel billets are rectangular (except the billets with square sections), or stainless steel billets are other semi-finished stainless steel products. Hot-rolled stainless steel plates/coils are made of stainless steel billets after the stainless steel billets undergo hot rolling and other processes, and they are made into coils or plates, regardless of their width and thickness.
Main applications: There are mainly two applications. One application is that they can be used as the raw materials to produce cold-rolled stainless steel. After they undergo the cold-rolling processes, they are made into cold-rolled stainless steel products. Another application is that they can be directly sold and be mainly used in many different industries such as the ship industry, the container industry, the railway industry, the electric power industry, the petroleum industry and the petrochemical industry.
The products are listed under tariff numbers of 72189100, 72189900, 72191100, 72191200, 72191312, 72191319, 72191322, 72191329, 72191412, 72191419, 72191422, 72191429, 72192100, 72192200, 72192300, 72192410, 72192420, 72192430, 72201100 and 72201200 in the Customs Import and Export Tariff of the People's Republic of China.
Rates of margin imposed on the companies are as follows:
EU companies: 43.0%
Japanese companies:
1. NIPPON YAKIN KOGYO CO., LTD 18.1%
2. All Others 29.0%
Companies of the Republic of Korea:
1. POSCO 23.1%
2. All Others 103.1%
Indonesian companies: 20.2%
III. Methods of Levying Margin
As of March 23, 2019, each importer is required to pay the corresponding margin to the Customs according to the dumping margin determined by this ruling for each company when importing the stainless steel billets and hot-rolled stainless steel plates/coils originating in the EU, Japan, the Republic of Korea and Indonesia. The margin is levied by means of ad valorem on the basis of dutiable value authorized by the Customs, and the formula is: margin = (dutiable value authorized by the Customs * levying rate)* (1+ import value-added tax rate).
IV. Comments
Each stakeholder may submit its written comments to the Investigation Authority within 10 days from the promulgation date hereof.
Ministry of Commerce of the People's Republic of China
March 22, 2019
(All information published in this website is authentic in Chinese. English is provided for reference only. )
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