The Customs Administration yesterday said that anti-dumping duties on Chinese and South Korean cold-rolled stainless steel have been extended for another five years.
Cold-rolled stainless steel from China and South Korea would be taxed 38.11 percent and 37.65 percent respectively until March 17, 2030, the agency said in a statement.
The Customs Administration said the decision was based on a sunset investigation conducted by the Ministry of Finance and the Ministry of Economic Affairs, which determined that ceasing the duties might harm local Taiwanese steel producers.
Photo: AFP
Analyses by the economic ministry also found no sufficient evidence indicating the extension of the duties would markedly affect the overall economic benefits enjoyed by countries upon which the duties are imposed, the Customs Administration said.
Anti-dumping duties were first imposed on steel goods from China and South Korea on Aug. 15, 2013, following a request from Taiwanese company Yieh United Steel Corp (燁聯), the Customs Administration said.
The company applied for an extension of the duties on Feb. 19 last year, with the sunset investigations announced on Aug. 7 last year, the agency said.
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