China imposes anti-dumping duties on Indonesian stainless steel imports

China's Ministry of Commerce (MOFCOM) has recently issued a notice deciding to impose anti-dumping duties on imports of stainless steel billets and stainless steel hot-rolled sheets/coils originating from Indonesia, the European Union (EU), Japan and South Korea from July 1, 2025 onwards.The duty rates for each region are: 20.2% for Indonesian companies, 43.0% for EU companies, 18.1%-29.0% for Japanese companies, and 23.1%-103.1% for Korean companies, with an implementation period of 5 years. The product range includes stainless steel billets and stainless steel hot rolled sheets/coils, defined as alloy steels, other than cold rolled, with a carbon content of 1.2% or less and a chromium content of 10.5% or more, billets of rectangular (not square) cross-section or other semi-finished products, and hot rolled sheets/coils made by hot rolling of the billets in the form of coils or slabs, irrespective of their width and thickness. The main use is as raw material for cold rolling or directly used in the ship and container industries. The corresponding tariff codes are 72189100 and many others, except for unrelated products under 72223000. The duty has been levied since July 23, 2019, and this continuation is in consideration of the fact that the dumping of imported stainless steel billets and stainless steel hot rolled sheets/coils originating from the EU, the UK, South Korea, and Indonesia on China and the damages caused to China's related industries may continue or reoccur in the event of the termination of the anti-dumping measures. Import operators should pay anti-dumping duties to the Customs when importing the relevant products, the tax is levied ad valorem according to the duty-paid price of imported goods determined by the Customs, the formula is anti-dumping duty = duty-paid price × tax rate. The value-added tax on imports shall be levied ad valorem on the basis of the dutiable price plus customs duty and anti-dumping duty as the dutiable price. If you are not satisfied with this review decision, you may apply for administrative reconsideration or file a lawsuit to the People's Court in accordance with the law.