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China’s stainless flat exports rise ahead of dumping duty

Keywords: Tags  stainless steel, stainless flat products, stainless exports, China stainless, China exports, anti-dumping

SHANGHAI — China’s exports of stainless steel flat products rose last month as shipments to Taiwan spiked ahead of the implementation of a provisional anti-dumping duty on Chinese cold-rolled stainless flat products.

China shipped 179,751 tonnes of stainless flat products, up 6.3 percent from 169,026 tonnes in June, according to figures released Aug. 21 by the country’s customs administration.

"Large-scale mills received the warning from Taiwan in May, so it’s reasonable that they would increase their deliveries there before the anti-dumping duty came into effect," an exporter in north China said.

Taiwan’s government said it would impose temporary anti-dumping duties on imports of 300-series stainless steel from China and South Korea starting Aug. 15.

Chinese exports to South Korea also increased in July, climbing 10.6 percent from the previous month to 27,908 tonnes. "The exports in July were mostly booked in May," an exporter in east China said. "Our price at that time was competitive."

China’s stainless steel exports totaled 1.2 million tonnes in the first seven months of this year, up 42 percent from 843,269 tonnes a year earlier.

A version of this article was first published by AMM sister publication Steel First.

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