The anti-dumping duty rates are set at 39% to 45.7% for Japanese
firms including JFE Steel Corp and Nippon Steel Corp, 37.3% for Korean
companies and 46.3% for EU firms
China
seeks to widen anti-dumping duties on grain oriented flat-rolled electrical
steel imported from South Korea, Japan and the European Union, the Ministry of Commerce said on Friday.
The duties will be extended for five years beginning July 23, it
said in a statement.
The anti-dumping duty rates are set at 39% to 45.7% for Japanese
firms including JFE Steel Corp and Nippon Steel Corp, 37.3% for Korean
companies and 46.3% for EU firms.
China, the world’s top steel producer launched an anti-dumping
investigation in June last year into grain oriented flat-rolled electrical
steel from Japan, South Korea and the EU following the expiry of tariffs in
place for the past five years.
The tariffs were reinstated during the year-long investigation.
The move followed a petition by steelmakers China Baoshan Iron
and Steel and a unit of Beijing Shougang which argued that ending the tariffs
could lead to further dumping, hurting the domestic steel sector.
Oriented electrical steel or oriented silicon steel is used in
transformers and is more expensive than carbon steel.