Chinese‘s Ministry of Commerce on Monday (July 23) launched the anti-dumping probe into stainless steel billet and hot-rolled stainless steel worth US$1.3 billion from European Union, Japan, South Korea, and Indonesia.
The investigation targets eight foreign companies and several Chinese companies including Tsingshan Stainless, one of the biggest stainless steel producer that operates mills in Indonesia. The Chinese government also eyes 19 stainless steel importers.
Some mills are targeted by the China government including PT Jindal Stainless and South Korean Steelmaker Posco. The China government also targets European mills including Spain’s Acerinox, Finland’s Outokumpu Oyj, and Luxembourg-based Aperam. Among the Japanese companies are Nisshin Steel Co Ltd, Nippon Steel & Sumitomo Metal Corp, and JFE Steel Corp.