Thailand Finalizes Duties on Iranian Flat Steel

EghtesadOnline: Thailand has set definitive anti-dumping duties on the import of hot-rolled flat steel products such as coil and sheet from Iran.

News ID: ۷۷۶۵۳۵

27 May 2017

The definitive duties contain minor changes when compared with the preliminary rates.

They range from as low as 6.88% to as high as 38.23%, and are in place for a period of five years from May 16, according to a notice published in the Royal Thai Gazette earlier this month.

The main product under scrutiny is carbon steel hot-rolled coils and sheets, with a thickness of 0.9 mm to 100 mm and a width of 100 mm to 3,200 mm, Financial Tribune reported.

Thai officials’ main focus of anti-dumping duties was products from Iran’s Mobarakeh Steel Company, which will be levied a 7.25% tax, down from 7.37%. The duty for other Iranian mills has been reduced to 38.27% from 38.52%.

They compare with preliminary duties of 7.09-38.52%, which had been imposed on November 16 for an initial four months before being extended for two months until May 15.

Brazil and Turkey were also under scrutiny.

The lowest duty of 6.88% was set for imports from Turkey’s Colakoglu Metalurji, lower than the provisional rate of 7.09%.

Imports from Turkey’s Erdemir and Isdemir will be subjected to a duty of 27.27%, down from 28.34%, while other Turkish suppliers saw their duty lowered to 38.23%, from 38.52%.

The duty for imports from Brazil was unchanged at 34.4%.

The investigation, which was opened in January 2016, drew strong criticism from Turkish market participants early this year.