China Reviews Anti-Dumping Duties on Steel Imports
China Reviews Anti-Dumping Duties on Steel Imports
China Reviews Anti-Dumping Duties on Steel Imports
News summary

India's domestic stainless steel sector has welcomed recent duty exemptions on ferro nickel and continued zero duty on ferrous scrap, viewing these measures as essential for maintaining competitiveness in line with the Atmanirbhar Bharat vision. Industry leaders believe these steps, along with the sanctioning of industrial parks, will enhance refining and processing capabilities. Meanwhile, China has lifted its antidumping duties on Japanese stainless steel products following a WTO ruling, which Japan's trade ministry hailed as a significant achievement. Concurrently, China is conducting a sunset review of antidumping measures on stainless steel imports from the EU, UK, South Korea, and Indonesia, prompted by requests from its domestic industry. This investigation aims to assess whether ending these measures would lead to harmful dumping practices that could affect local steel producers. In South Africa, a 9% safeguard import duty has been enacted to protect ArcelorMittal's long steel plants from cheap imports, ensuring job preservation amidst rising steel imports.

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