On March 30 2017, the Ministry of Industry and Trade officially decided to levy anti-dumping duties on imported coated steel from mainland China including Hong Kong and the Republic of Korea.
Therefore, Bazhou Sanqiang Metal Products will be taxed 26.36%, BX Steel POSCO Cold Rolled Sheet 38.34 %, Bengang Steel Plates-27.36%, Tianjin Haigang Steel Coil – 26.32%, Hebei Iron & Steel Co Ltd, Tangshan Branch – 38.34%, Wuhan Iron and Steel – 33.49%.
However, Chinese Yeih Phui Technomaterial was taxed at the lowest rate of 3.17%. South Korean POSCO of the RoK will be charged 7.02% anti-dumping tax while other RoK exporters will be taxed 19%.
The decision takes effect after 15 days after the signing and will be in place for five years.