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.