Posted on 28 Nov 2016
The Ministry of Finance (MOF) has issued a final decision finding steel exporters from six countries, including China and South Korea, in violation of Taiwan's anti-dumping rules by selling their products at unfairly low prices in the local market.
The MOF said that the ministry has sent the steel dumping decision to the Ministry of Economic Affairs (MOEA), which is expected to make a decision on damage caused by these steel vendors from the six countries.
In addition to China and South Korea, the MOF's final decision also listed firms from Indonesia, India, Brazil and Ukraine, according to the ministry.
After the MOEA's decision on damage caused, the MOF said, it is expected to impose anti-dumping tariffs, ranging between 4.02 percent and 80.5 percent, on the companies no later than in February. The financial punishment will last for five years, the ministry said.
The decision comes after two motions on anti-dumping accusations were filed by six steel makers in Taiwan, including China Steel Corp. (中鋼) and Yieh Phui Enterprise Co. Ltd. (燁輝), the MOF said.
One accusation said that vendors on certain flat-rolled steel products plated or coated with zinc or zinc-alloys from China and South Korea dumped their products at unfairly low prices in Taiwan.
The other accusation pointed out that exporters on carbon steel plates from Brazil, China, India, Indonesia, South Korea and Ukraine violated Taiwan's anti-dumping law.
Hsieh Ling-yuan (謝鈴媛), deputy director-general of the MOF's Customs Administration, said that after an investigation into the accusations, the ministry has found that exporters from the six countries did violate Taiwan's anti-dumping rules.
