Japan Maintains 13.17% Anti-Dumping Duty on Stainless Steel

Industry Ministry Trade Commission Meeting Held... "Concerns Over Domestic Industry Damage"

[Asia Economy Reporter Kim Bo-kyung] The Trade Commission has decided to recommend to the Minister of Strategy and Finance to impose an anti-dumping duty of 13.17% on Japanese stainless steel plates.

The Ministry of Trade, Industry and Energy's Trade Commission held its 398th meeting on the 19th and determined that if the anti-dumping duty on Japanese stainless steel plates is lifted, there is a possibility of recurrence of dumping and damage to the domestic industry, thus making this decision.

Stainless steel plates are used as industrial raw materials in petrochemical, shipbuilding, water purification, power generation, and semiconductor factories. The domestic market size in 2018 was approximately 300 billion KRW (100,000 tons).

Since April 2011, an anti-dumping duty of 13.17% has been imposed on Japanese stainless steel plates.

The Trade Commission judged that if the anti-dumping measures are terminated, the price decline of dumped goods and the increase in import volume could cause continuous or recurring substantial damage to the domestic industry. This conclusion was reached after conducting investigations through on-site inspections of domestic producers and importers, public hearings, and stakeholder meetings.

Additionally, the Trade Commission decided to exclude stainless steel bars for stationery manufacturing from the scope of anti-dumping duties on Japanese stainless steel bars.

Stainless steel bars for stationery manufacturing refer to stainless steel bars used in the production of ballpoint pen tips (diameter 2.5 mm or less, length 12 mm or less). Last year, the import volume by domestic demanders was about 770 million KRW (60 tons).

The Trade Commission's investigation confirmed that stainless steel bars for stationery manufacturing are not produced domestically and must be imported. Domestic producers of stainless steel bars and other stakeholders also agreed to exclude these from the duty imposition.

Once the Trade Commission notifies the Minister of Strategy and Finance of this final determination, the minister will make the final decision on whether to extend or exclude the anti-dumping duty.

This content was produced with the assistance of AI translation services.