Anti-dumping duties imposed on steel imports from Brazil, China, South Korea, India, Indonesia and Ukraine would continue for another five years, the Customs Administration said on Wednesday.
The duties would cover some flat-rolled steel products from China and South Korea, as well as carbon steel plates from Brazil, China, India, Indonesia, South Korea and Ukraine, the agency said in a statement.
However, the duties on carbon steel plates from Ukraine would be suspended for a year, in line with measures adopted by many other democracies following Russia’s invasion of the eastern European country, it said.
A worker walks past rolls of steel at the Chongqing Iron and Steel plant in Changshou, China, on Aug. 6, 2018.
The decision to extend the duties was made after an investigation by the Ministry of Finance and the Ministry of Economic Affairs concluded that dumping practices might arise and hurt local manufacturers if the duties were lifted, the agency said.
There is also no evidence to suggest that extending the duties would negatively affect the nation’s economic interests, it added.
Taiwan first imposed the duties, ranging from 5.8 percent to 80.5 percent, in August 2016, which were due for a review in August last year.
Only China-based Fujian Kaijing Green Tech Material Co (福建凱景新型科技材料), which was established by Taiwan-based Kaijing Group (凱景集團), is exempted from the duties, the agency said.
Local manufacturers that seek to import products from countries on the anti-dumping list must apply for favorable tax rates or they would be subjected to the duties, it said.