China has removed its anti-dumping measures against cold-rolled steel coil imports from South Korea, Russia, Ukraine, Kazakhstan, and Taiwan, according to country's Ministry of Commerce.
The ministry said the move, which takes effect immediately, was necessary because China's cold-rolled steel was in short supply. Domestic producers have complained of rising prices due to the tariffs. The statement did not say whether the ministry might reverse its stance if the supply situation changed.
The ministry also halted its import certification requirement on cold-rolled steel used to produce tin plate from the same countries.
China imposed tariffs in January 2004 after investigations started in March 2002. The ministry started reviewing the tariffs in May. (AFP)
to Daily News