In a tit for tat China imposes anti-dumping duty on imported steel product

China, slammed globally for dumping steel in major markets as its own demand slows, said it would impose anti-dumping duties on selected steel products from Japan, South Korea ad the European Union.

Ministry of Commerce said it had decided to impose anti-dumping duty on imports of grain oriented flat rolled electrical steel from the three producing nations.

The importers will be subject to deposits ranging from 14.5percent to 46.3 percent, it said, according to Xinhua.

India, European Union and the United States are among countires that have introduced anti-dumping duty on ceap Chinese imports flooding their markets.

Tata Steel said earlier this week that it was looking at selling its UK plants partially or wholly as it did not make business sense to keep producing in the face of cheal Chinese imports and other higher business costs.

 

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