ISLAMABAD – Pakistan has slapped antidumping duties on color-coated steel imports from China and South Africa for five years, the National Tariff Commission said Wednesday.
Effective June 13, tariffs ranging from 5.36% to 10.88% were imposed on Chinese exporters/producers, while their South African counterparts were hit with 14.24% duty.
The commission determined that the imports caused material injury to the “domestic industry manufacturing color-coated coils/sheets.”
The investigation began on April 10, 2017, following an application from International Steels on behalf of the local industry, the commission said on Wednesday.
To determine the effect on dumping, an investigation focused on the period of January 1-December 31, 2016, while the probe for injury covered January 1, 2014 to December 31, 2016.
The investigations revealed that the domestic industry producing color- coated coils/sheets consisted of only one unit operated by International Steels at Karachi, with a production capacity of 84,000 mt/year of color-coated coils.
Noting this, the commission said: “The purpose of the imposition of the antidumping duties is to remove the unfair advantage being enjoyed by the exporters/foreign producers from the exporting countries, which are exporting the investigated product at dumped prices,” rather than “to create [a] monopoly of the domestic producer.”
