In a final ruling on May 5, the U.S. International Trade Commission (USITC) said steel makers in the eight countries had caused material damage to their U.S. counterparts. The anti-dumping tariffs on Taiwan exporters will range between 3.62 percent and 6.95 percent, with some companies hit with 5.29 percent, the BOFT said. China Steel Corp. (中鋼), the largest steel supplier in Taiwan, will face an antidumping duty of 6.95 percent, while Shang Chen Steel Co. (尚承) will have to pay 3.62 percent, according to the BOFT. China Steel and Shang Chen Steel are the two mandatory Taiwanese respondents in the case. In addition to the anti-dumping tariffs, the DOC will impose a countervailing duty (CVD) of 251.00 percent and 4.31 percent on Chinese and South Korean carbon and alloy steel plate exporters, respectively.

Source: The China Post May 08, 2017 07:30 UTC