China launches dumping probe into steel imports from Indonesia, EU, Japan, and South Korea

by:ChangZeng     2020-07-01
Dumping is international.
Trade terms, describe a country or company that exports products at a price lower than the domestic market price of the exporter to gain a competitive advantage.
The survey will be aimed at imported stainless steel billet and heat
Stainless steel rolled steel plates and plates from the European Union, Japan, South Korea and Indonesia have nearly tripled last year.
The complaint was raised by Shanxi Taigang Stainless Steel, accounting for 25-
35% of China\'s steel production and four other steel mills.
According to the complaint, almost two-
Last year, three stainless steel imports from China came from Indonesia, up from 5% in 2016 and zero in 2015.
The company said the number soared to 86% in the first quarter.
In 2017, the import price of stainless steel products fell 23% from $1,867 last year to $2,436 per ton.
\"If we allow these products to continue to enter the Chinese market at a low price and occupy more market share, sales of domestic products in China will continue to decline,\" the complaint said . \".
China produced and consumed about half of the world\'s stainless steel and imported 703,000 tons in 2017, up nearly 200% year on year.
About 98% of them came from the target area of the survey.
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