China's Ministry of Commerce recently issued an announcement, deciding to impose anti-dumping duties on imported stainless steel billets and stainless steel hot-rolled sheets/coils originating from Indonesia, the EU, Japan, and South Korea from July 1, 2025. The tax rates by region are: Indonesian companies 20.2%, EU companies 43.0%, Japanese companies 18.1%-29.0%, South Korean companies 23.1%-103.1%, with an implementation period of 5 years. The product scope includes stainless steel billets and stainless steel hot-rolled sheets/coils, defined as alloy steel with a carbon content of 1.2% or less and a chromium content of 10.5% or more, except cold-rolled. Billets are rectangular (non-square) cross-section or other semi-finished products. Hot-rolled sheets/coils are obtained by hot rolling billets, in coil or sheet form, regardless of width and thickness. Main uses are as cold-rolling raw materials or directly used in ships, containers, and other industries. Corresponding tariff codes include 72189100 and many others, excluding non-relevant products under 72223000. This tariff has been levied since July 23, 2019. The continuation of this levy is based on the consideration that if the anti-dumping measures are terminated, the dumping of imported stainless steel billets and hot-rolled sheets/coils originating from the EU, UK, South Korea, and Indonesia into China and the damage caused to China's related industries may continue or recur. Importers importing related products shall pay anti-dumping duties to the customs. The duty amount is calculated ad valorem based on the dutiable value determined by customs. The formula is: Anti-dumping duty = dutiable value × tax rate. The value-added tax at import stage is calculated ad valorem based on the dutiable value plus customs duties and anti-dumping duties. Those who disagree with this review decision may apply for administrative reconsideration or file a lawsuit with the People's Court in accordance with the law.
China's Ministry of Commerce recently issued an announcement, deciding to impose anti-dumping duties on imported stainless steel billets and stainless steel hot-rolled sheets/coils originating from Indonesia, the EU, Japan, and South Korea from July 1, 2025. The tax rates by region are: Indonesian companies 20.2%, EU companies 43.0%, Japanese companies 18.1%-29.0%, South Korean companies 23.1%-103.1%, with an implementation period of 5 years. The product scope includes stainless steel billets and stainless steel hot-rolled sheets/coils, defined as alloy steel with a carbon content of 1.2% or less and a chromium content of 10.5% or more, except cold-rolled. Billets are rectangular (non-square) cross-section or other semi-finished products. Hot-rolled sheets/coils are obtained by hot rolling billets, in coil or sheet form, regardless of width and thickness. Main uses are as cold-rolling raw materials or directly used in ships, containers, and other industries. Corresponding tariff codes include 72189100 and many others, excluding non-relevant products under 72223000. This tariff has been levied since July 23, 2019. The continuation of this levy is based on the consideration that if the anti-dumping measures are terminated, the dumping of imported stainless steel billets and hot-rolled sheets/coils originating from the EU, UK, South Korea, and Indonesia into China and the damage caused to China's related industries may continue or recur. Importers importing related products shall pay anti-dumping duties to the customs. The duty amount is calculated ad valorem based on the dutiable value determined by customs. The formula is: Anti-dumping duty = dutiable value × tax rate. The value-added tax at import stage is calculated ad valorem based on the dutiable value plus customs duties and anti-dumping duties. Those who disagree with this review decision may apply for administrative reconsideration or file a lawsuit with the People's Court in accordance with the law.