Thailand has extended anti-dumping (AD) and countervailing duties on cold-reduced carbon steel, both coiled and uncoiled, from China, Vietnam and Taiwan. The tariffs range from 4.22pc to 20.11pc of cif prices.
Duties were imposed since 2014, with the period ending in February 2019. Penalty period was then extended till February 2020, and the latest decision will be effective after this deadline ends. Thailand’s steel associations have called on the government to promote the use of locally made steel for infrastructure development.
Thailand’s cold-reduced carbon steel imports were at 1.05mn mt in 2018, up from 892,500mn mt in the previous year. Combined imports from China, Vietnam and Taiwan were at 20,835mn mt. Country-wise imports were at 7,575mn mt, 3,107mn mt and 10,152mn mt from China, Vietnam and Taiwan, respectively. The country’s annual domestic steel product consumption is 19.3mn mt, with 12mn mt imports.