Photo taken on May 24, 2019 shows ultra-thin stainless steel strips made by Taiyuan Iron and Steel (Group), or TISCO, in Taiyuan, north China's Shanxi Province, May 24, 2019. (Xinhua)
BEIJING, July 22 (Xinhua) -- China's Ministry of Commerce (MOC) on Monday announced anti-dumping measures on imported stainless steel products from the European Union, Japan, the Republic of Korea (ROK) and Indonesia.
The domestic industry has been subject to substantial damages due to the dumping of those products, the ministry said in a final ruling after anti-dumping investigations into the imports.
From Tuesday, duties will be collected at rates ranging from 18.1 percent to 103.1 percent for a five-year period, the ministry said on its website.
The MOC has accepted applications of price undertakings from some ROK exporters, meaning that anti-dumping duties will be exempt on products sold in China at prices no lower than respective minimum prices.
After receiving complaints from the domestic industry, the ministry launched the anti-dumping investigations strictly in accordance with Chinese laws and WTO rules, and a preliminary ruling was unveiled in March 2019.
