|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Oil, Mining & Energy (Click here for more)

China to Begin Anti-Dumping Probe into Steel Imports from 4 Countries

BEIJING – China is set to probe stainless steel products imported from the European Union, Japan, South Korea and Indonesia to determine if they are being sold lower than the existing market price in the country, a practice known as dumping, the Chinese ministry of commerce said on Monday.

The decision comes after Chinese firm Shanxi Stainless Steel, backed by four other companies, urged the authorities to initiate a probe over alleged dumping practices in the sale of stainless steel billet and hot-rolled stainless steel plates imported from the four countries.

The one-year long investigation, that is set to begin Monday, would continue until July 23 next year, although the ministry said on its website that the probe could be extended for another year under exceptional circumstances.

According to the ministry, the complaint by the five Chinese companies were taken seriously as they were major players in the sector, who accounted for more than 50 percent of the sector’s output between 2014-2017 and that they backed their complaint with concrete evidence.

The authorities would investigate if dumping practices were carried out between Jan. 1-Dec. 31, 2017, while analyzing possible damage to the industry between Jan. 1, 2014-March 31, 2018.

The products under the scanner are used as raw material for manufacturing cold rolled stainless steel and also as a final product in the manufacturing of ships, containers, trains and also in the energy and petrochemical industry.

In 2017, China had imported 703,000 tons of these stainless steel products, a 200 percent rise from the year before, with 98 percent of the imports coming from the EU, Japan, South Korea and Indonesia.

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2019 © All rights reserved