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Taiwan steel exporters imposed anti-dumping tariffs in Thailand

Staff Writer | October 3, 2016
Taiwanese stainless steel pipe and tube exporters have been imposed anti-dumping tariffs by Thailand.
Taiwan steel
Industry   The stainless steel pipes and tubes
This comes after the Southeast Asian country issued a final ruling saying Taiwan and three other countries have sold steel products at unfairly low prices in the Thai market, according to Taiwan's Ministry of Economic Affairs (MOEA).

The MOEA said that the anti-dumping tariffs faced by Taiwan's stainless steel pipe and tube exporters ranged between 2.38 percent and 29.04 percent, and the financial penalty will last for five years after it became effective from mid-September.

The MOEA said that among the affected Taiwanese exporters were YC INOX and FROCH Enterprise, two of the leading stainless steel product makers in the country. YC has to pay a 2.38 percent anti-dumping tariff, while the tariff slapped on FROCH hit 12.29 percent, the ministry said.

The stainless steel pipes and tubes at issue are used to make a wide range of devices such as running water tubes and sea water delivery facilities, the MOEA said.

The final ruling came out after an investigation was conducted by the Thai authorities for imports between July 1, 2014 and June 30, 2015, according to the MOEA.

The ministry said that Thailand also imposed anti-dumping tariffs on exporters from South Korea at a rate ranging between 11.96 percent and 51.53 percent when they sell products to the Thai market.

The anti-dumping tariff faced by Chinese and Vietnamese firms reached 145.31 percent and 310.74 percent, respectively, the ministry added.