Posted on 22 Jul 2015
Taiwan's biggest steelmaker China Steel Corp. said Monday it was gathering evidence of steel dumping by several Asian countries as it urged them to exercise self-restraint or face trade action.
"We're collecting related information before we stand a chance [of proving the claims]," a company spokesman in Kaoshiung told Platts.
CSC alleged China, Japan, South Korea, Indonesia and India were exporting plate, hot rolled coil and bars at $96-108/mt, $88-147/mt and $50-160/mt respectively below their domestic prices for the same products, which was having a "serious impact" on Taiwan's steel industry.
The company in October 2014 said it would file a complaint on the dumping of plate, and the spokesman Monday said the company was still gathering the necessary information.
The producer singled out Chinese steel as having been a target of several antidumping and countervailing cases worldwide, as tax rebates encourage exports of significant volumes.
