Posted on 26 Nov 2024
Thailand's Department of Foreign Trade (DFT) has launched a second sunset review into anti-dumping measures on cold-rolled stainless steel flat products from China.
The move aims to determine whether the current duties should remain in place to protect the domestic market.
The investigation targets products with customs codes including 7219.32.00.030, 7219.32.00.040, 7219.33.00.030, 7219.33.00.040, 7219.34.00.030, 7219.34.00.040, 7219.35.00.030, 7219.35.00.040, 7220.20.10.030, 7220.20.10.040, 7220.20.90.030, and 7220.20.90.040.
Anti-dumping duties will continue to be applied in the form of deposits for up to one year during the review period, Kallanish notes.
Thailand first imposed anti-dumping duties in December 2012, with zero rates for specific companies, including Shanxi Taigang Stainless Steel Co, Tianjin Tisco & TPCO Stainless Steel, Guangdong Taigang Stainless Steel Processing & Distribution, Shanxi Taigang Stainless Steel Precision Strip.
It also imposed an 8.5% rate for Ningbo Baoxin Stainless Steel Co and 33.32% for other Chinese exporters. The duties were extended for another five years in December 2019.
The review will assess whether lifting the duties would harm the domestic industry. Businesses and stakeholders are encouraged to submit their input during the investigation.
During January to September, Thailand totally imported 49,959 tonnes of above products, including 11,519t imported from China. The import quantity of these products during 2020 to 2023 were 55,891t, 86,538t, 66,761t and 58,332t, while the imports from China accounted 10.9%, 11.8%, 13.5% and 11.2% respectively.
Source:Kallanish
