Taiwan on Tuesday completed the preliminary probe into dumping charges against cement and cement clinker imports from the Philippines and South Korea, deciding the imports have hurt Taiwan's cement industry.
The preliminary investigation was conducted by the International Trade Commission (ITC). Now the Ministry of Finance will spend 135 days to conduct the final probe to decide if the allegations of dumping are true.
If it is proved, the ITC will investigate for itself to determine if Philippine and South Korean cement and cement clinker imports have hurt Taiwan's cement industry.
After that, the finance ministry will decide if it will slap anti-dumping tax on the accused companies.
The complaint was filed in July by five Taiwan cement companies against 19 Philippine cement companies -- led by Alsons Cement Corp -- and two South Korean cement companies -- Ssangyong Cement Industrial Co and Tong Yang Cement Corp.
According to the complaint, the Philippines and South Korea sold 30,693 tons of cement and cement clinker to Taiwan in 1999 at US$32-35 per ton, while Taiwanese cement was sold at US$44-47 per ton.
Imports from the two countries jumped by two-thirds last year to one million tons, and hit 503,788 tons in the first half this year.
"Taiwan produces enough cement for its needs, two million tons each year. The dumping of Philippine and South Korean cement has disrupted the balance between demand and supply," an Asia Cement Corp (
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