China launched an anti-dumping investigation into grain-oriented flat-rolled electrical steel (GOE) imported from Japan, South Korea, and the European Union. These tariffs are in place for the last five years and extended for another year until the conclusion of the investigation.
The investigation is expected to last for one year and conclude by July 23, 2022, China’s Ministry of Commerce said.
On July 23, 2016, the commerce ministry had imposed anti-dumping duties on GOE from Japan, South Korea, and the EU for five years.
In May 2021, Baoshan Iron and Steel and unit of Beijing Shougang had raised concerns about the expiry of tariffs leading to a resumption of dumping, impacting domestic steel producers.
For Japanese steelmakers including JFE Steel Corp, Nippon Steel & Sumitomo Metal, the ministry of commerce has levied anti-dumping duty rates in the range of 39-45.7pc. For the EU countries, tariffs are 46.3pc while for Korean companies, the duty rate is 37.3pc.
For the United Kingdom, anti-dumping measures against electrical steel are not applicable.
In 2020, the country produced 1.6mn mt of oriented electrical steel (GOE), consumed in transformers and priced higher than carbon steel products.