China Renews Stainless Steel Antidumping Duties on EU, UK, South Korea, Indonesia

China is renewing its antidumping duties on stainless steel billets and stainless steel hot-rolled plates and coils from the EU, the U.K., South Korea and Indonesia, the country's Ministry of Commerce said June 30, according to an unofficial translation. The duties, which will remain in place for five years beginning July 1, include a 43% duty on EU and U.K. companies; a 103.1% duty on Korean companies, along with a 23.1% rate for South Korea-based Posco; and a 20.2% rate for Indonesian companies. Beijing said it renewed the duties, first imposed in 2019, to protect its domestic stainless steel industries.