How to Deal with the Anti-dumping Duty in the Stainless Industry

Two recent news, one on anti-dumping duties imposed on Russia and the other on the future development of the stainless steel industry at Foshan Panshi.

First: The Russian government order Wednesday showed that Russia will impose a three-year anti-dumping tariff on certain flat steel imports from Brazil, China, South Korea and South Africa. The tax will be for flat steel with a nickel content of at least 2.5%. Russia will impose a 39.1% tariff on Chinese steel companies other than Shanxi Taigang Stainless Steel Co., Ltd. The tariff rate for Shanxi Taigang Stainless Steel Co., Ltd. is 29.9%.

Second: On November 23rd, the “Foshan Stainless Steel Advanced Forum” sponsored by the Stainless Steel Branch of the China Special Steel Enterprises Association was held at the Shiyan Metal Trade Center in Shiwan Town.

Next, Xiao Bian talks about these two opinions:

China's current stainless steel production has been greatly improved compared with previous years, but the low-end products are mostly high-end stainless steel products still need to be imported. Although stainless steel products are environmentally friendly products compared to carbon steel, the state also takes care of export tax rebates. However, whether the foreign market can stand still is not the final say in this country. Once foreign countries have restrictions on taxes, they will inevitably crack down on exports of Chinese stainless products.

Therefore, if you want to have an advantage in exports, you must grasp both domestic and foreign, both hands must be hard. It is an inevitable trend to increase the added value and develop high-end products. Russia’s anti-dumping duty did not adopt a one-size-fits-all approach. Instead, it chose 29.9% for Taigang’s tariff and 39.1% for other steel mills. Taigang is not only the leader in output, but also has its own plans and plans in terms of technology and new product development. This has an advantage in this Russian anti-dumping duty.

In the case of poor domestic conditions and low demand, TISCO turned to foreign markets. From January to September, TISCO Stainless completed a total of 180,000 tons of stainless steel exports, an increase of 181.25% year-on-year. After successfully evading the impact of the financial crisis on domestic export markets, with the domestic and global economy as a whole stabilizing, the stainless steel export situation of Taiyuan Steel has further improved, and the export volume has increased month by month in recent months.

Correspondingly, there is also a need to upgrade high-tech and high-value-added products to the stainless steels with a reputation for vermiculite, otherwise it will be difficult to adapt to future development requirements. During the last visit to the Zhoucun Market, Yantai Dongfang Bibian once mentioned the Foshan area to Zhuo Chuang Stainless Steel Xiaobian. The local stainless steel companies are mostly small and medium-sized stainless steel mills. The added value of the products is not high and the specifications are not up to standard. Most of the flashes are available, so it is easier to fight the price war.

However, from the perspective of long-term development, it is necessary to revitalize technological development while increasing production capacity so that it can occupy a place in high-end industrial demand and help create brands and move into the international market. As a well-known stainless steel distribution center in China, Foshan should develop towards the production of high-tech products. "It is not just a matter of price that has an advantage. Such an occupation of market law is not expected to last too long."

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