application of tariffs to Chinese companies begins – 2024-03-31 02:04:39

by times news cr

2024-03-31 02:04:39

These tariffs began to be applied as of this Wednesday and will be extended for a period of no more than four months, while awaiting the final resolution of the Antidumping Commission.

This Wednesday, the Official Gazette published the surcharges determined by the Anti-Distortion Commission for importers of Chinese steel, in the midst of the crisis that affects Huachipato and the accusations of dumping against its Asian competitors.

Following the proposals of the Anti-Distortion Commission, tariffs of 22.5%, 14.2% and 9.2% were established to three importing companies of forged steel balls for grinding and 10,4%, 10,3% y 19,8% for steel bar importers, respectively.

Goldpro New Materials and Shandong Iraeta Heavy Industry, firms linked to steel grinding balls, will not be affected by these measures, since they “showed dumping margins of less than 2%.”

Those that will have to pay surcharges are Changshu Feifan Metalwork (9,2%), Changshu Longte Grinding Ball (22,5%), y Jiangyin Xingcheng Magotteaux (14,2%), while the rest of the importers will be taxed at 22.5%.

Regarding the importers of steel bars, those affected will be Baowu JFE Special Steel (10,4%), Daye Special Steel (10,3%), y Dongbei Special Steel Group (19,8%).

These tariffs began to be applied as of this Wednesday and will be extended for a period of no more than four months, while awaiting the final resolution of the Antidumping Commission, which has a deadline of September 9.

For its part, in Huachipato decisions are already beginning to be made regarding the suspension of activities, since The resignation of César Garrido as general manager was announced and the interim appointment of Jean Paul Sauré Roeckel.

You may also like

Leave a Comment