In odd twist, China imposes anti-dumping duties on Japanese, Korean and EU steel
A consistent recent target of steel dumping criticism, China said under-priced steel was hurting its own industry
BEIJING—China’s Ministry of Commerce said July 25 that it has imposed anti-dumping duties on steel imports from Japan, South Korea and the European Union.
Imports of grain-oriented electrical steel—used in the manufacture of large generators and electricity transformers—will be charged duties ranging from 37.3 per cent to 46.3 per cent, the ministry said on its website.
China started levying the duties at the end of last week and will continue to do so for five years, the statement said.
An investigation found that under-priced steel was hurting Chinese industry, it added.
For its part, Beijing faces mounting criticism from the United States and Europe that it is exporting steel at unfairly low prices to clear a backlog. Western governments say that hurts their producers and threatens thousands of jobs.