Steel pipes are seen stacked at an industrial park in Shenyang, Liaoning province, China, Sep 30, 2021. (File Photo: Reuters/Tingshu Wang)

China will extend anti-dumping duties on grain oriented flat-rolled electrical steel imported from Japan, South Korea, and the European Union (EU), the country's ministry of commerce said on Friday (Jul 22).

The duties will be extended for five years beginning from Jul 23, it said in a statement.

The anti-dumping duty rates are set at 39 per cent to 45.7 per cent for Japanese firms including JFE Steel and Nippon Steel, 37.3 per cent for Korean companies and 46.3 per cent for EU firms.

China, the world's top steel producer launched an anti-dumping investigation in June last year into grain oriented flat-rolled electrical steel from Japan, South Korea and the EU following the expiry of tariffs in place for the past five years.

The tariffs were reinstated during the year-long investigation.

The move followed a petition by steelmakers China Baoshan Iron and Steel and a unit of Beijing Shougang which argued that ending the tariffs could lead to further dumping, hurting the domestic steel sector.

Oriented electrical steel or oriented silicon steel is used in transformers and is more expensive than carbon steel.

This service is not intended for persons residing in the E.U. By clicking subscribe, I agree to receive news updates and promotional material from Mediacorp and Mediacorp's partners.

Copyright© Mediacorp 2022. Mediacorp Pte Ltd. All rights reserved.

We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

To continue, upgrade to a supported browser or, for the finest experience, download the mobile app.

Upgraded but still having issues? Contact us