Taiwan's Ministry of Economic Affairs (MOEA) reviewed the second anti-dumping (AD) sunset investigation applied by Yieh United Steel Corp. (Yusco) and Tang Eng Iron Works Co., Ltd. on imports of stainless steel cold-rolled products from China and South Korea, determining that the industry was damaged.
MOEA stated that if AD duties are canceled, China and South Korea may export large quantities of these products to Taiwan at low prices, continuing to harm the domestic stainless steel industry. The results will be notified to the Ministry of Finance, which must hold a review meeting within 10 days to decide on the continuation of AD duties.
The investigation found that although import volumes decreased during the duty imposition period, low-price competition still affects domestic businesses. Overcapacity in China and South Korea and their limited export markets may intensify dumping in Taiwan.
The products involved are SUS 300 series flat-rolled products of stainless steel, cold-rolled, whether in coils or sheets, covering SUS 301, 304, 304L, 316, 316L, and 321, as well as other products with corresponding specifications.
