Taiwan's Ministry of Economic Affairs announced that its Trade Assistance Review Board has tentatively determined in its anti-dumping investigation into imports of cold-rolled non-grain electrical steel from South Korea and China that there are reasonable indications of harm to the domestic industry.
The preliminary finding marks a key step forward in the trade aid review process, which examines whether imports are being sold at dumped prices and causing material harm domestic steel industry.
During the investigation period from January 2012 to September 2015, imports of these products from South Korea and China increased significantly year on year, while prices continued to decline.
After the Ministry of Economy notifies the Ministry of Finance of the results of its preliminary investigation into damage to the industry, the Ministry of Finance must make a preliminary decision on whether dumping occurred during 70 days from the day following the day of delivery of the notification, and make a decision to impose provisional anti-dumping duties.
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