South Korean exporters were subject to anti-dumping duties of 6.2%, two Chinese producers were subject to 2.9% and 19.7%
The Australian Anti-Dumping Commission has announced the results of an investigation, under which it canceled anti-dumping duties on imports of precision tubes from China and South Korea. SteelOrbis reported about it.
Countervailing duties on the import of precision tubes from China have also been canceled.
The anti-dumping duties were at 6.2% for South Korean exporters, while the duties for Chinese producers Dalian Steelforce Hi Tech and Yantai Aoxin International Trade were at 2.9% and 19.7% respectively. Chinese exporters were also facing a 42.7% countervailing duty.
The commission initiated an investigation on November 18, 2021, following a request from Australian producers Pillar Products Pty Ltd and Taskmaster Hardware Australia.
As GMK Center reported earlier, the European Commission decided to introduce anti-dumping duties on of corrosion-resistant steel supplies from Russia and Turkey for a 5 years period. Anti-dumping duties on steel from Magnitogorsk Metallurgical Plant amounted 36.6%, Novolypetsk Metallurgical Plant – 10.3%, Severstal – 31.3%, other Russian enterprises – 37.4%. For the Turkish asset of MMK (MMK Metalurji), the duty is 10.5%, and for other steel producers from Turkey – from 2.4% to 11%.