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Beijing levying anti-dumping duties on electrical steel imports


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Beijing levying anti-dumping duties on electrical steel imports

China levied anti-dumping duties of as much as 46.3% on electricsteel from the EU, Japan and South Korea, Reuters reported April 1, citing China'sMinistry of Commerce.

Tariffs of up to 46.3% will be applicable on electric steel productsimported from overseas suppliers including JFESteel Corp., Nippon Steel& Sumitomo Metal Corp. and POSCO.However, the ministry did not name any European suppliers affected by the levy.

The country imports relatively small amounts of high-end steelproducts, which are used in power transformers and generators.

A growing number of countries around the world are on low costChinese steel products as the world's biggest producer has turned to overseas marketsto sell off surplus output, with exports in 2015 rising 19.9% year over year toa record 112 million tonnes.

The county's steel sector was facing some 36 anti-dumping probesaround the world last year, 50% more than in 2014, Reuters added.