Ministry of Commerce Initiates Final Review Investigation on Anti-Dumping Measures

On July 22, 2019, the Ministry of Commerce issued the 31st Announcement of 2019, deciding to impose anti-dumping duties on imported stainless steel billets and hot-rolled stainless steel plates/coils originating from the EU, Japan, South Korea, and Indonesia starting from July 23, 2019, and accepted the price undertaking proposed by POSCO. The anti-dumping duty rates are as follows: EU companies 43.0%, Japanese companies 18.1%-29.0%, South Korean companies 23.1%-103.1%, Indonesian companies 20.2%. The implementation period for the anti-dumping duties and price undertaking is 5 years.

On November 20, 2020, the Ministry of Commerce issued the 55th Announcement of 2020, deciding to conduct a review of the dumping and dumping margin period for the anti-dumping measures applicable to the imported stainless steel billets and hot-rolled stainless steel plates/coils produced by Guangqing Nickel Industry Co., Ltd. of Indonesia. On November 18, 2021, at the request of Guangqing Nickel Industry Co., Ltd. of Indonesia, the Ministry of Commerce issued the 38th Announcement of 2021, terminating the review investigation of that period.

On January 29, 2021, the Ministry of Commerce issued the 3rd Announcement of 2021. According to the announcement, after the end of the Brexit transition period on December 31, 2020, the trade relief measures previously implemented on the EU will continue to apply to both the EU and the UK, with the implementation period unchanged; for new trade relief investigations and review cases initiated against the EU after that date, the UK will no longer be treated as a member state of the EU.

On November 9, 2023, the Ministry of Commerce issued the 46th Announcement of 2023, deciding to re-investigate the original anti-dumping case and implement the findings and recommendations of the expert group report on the dispute case of "China - Anti-Dumping Measures on Stainless Steel Products from Japan" by the World Trade Organization's dispute resolution body. On May 8, 2024, the Ministry of Commerce issued the 19th Announcement of 2024, ruling to continue the implementation of anti-dumping measures in accordance with the 31st Announcement of the Ministry of Commerce in 2019.

On April 15, 2024, the Ministry of Commerce received the final review application for anti-dumping measures submitted by Taigang Stainless Steel Co., Ltd. of Shanxi, Taigang Xinhai Stainless Steel Co., Ltd. of Shandong, and Baosteel Desheng Stainless Steel Co., Ltd. on behalf of the Chinese stainless steel industry. The applicants requested to include the UK in the scope of the countries (regions) under investigation in this review. The applicants argued that if the anti-dumping measures are terminated, the dumping of imported stainless steel billets and hot-rolled stainless steel plates/coils from the EU, the UK, South Korea, and Indonesia to China may continue or recur, and the damage to the Chinese domestic industry may continue or recur, and requested the Ministry of Commerce to conduct a final review investigation on the imported stainless steel billets and hot-rolled stainless steel plates/coils from the EU, the UK, South Korea, and Indonesia, and to maintain the anti-dumping measures implemented on the imported stainless steel billets and hot-rolled stainless steel plates/coils from the EU, the UK, South Korea, and Indonesia. The application was supported by Guangxi Beibu Gulf New Material Co., Ltd., Guangxi Beibu Gulf Metal Co., Ltd., Ansteel LianZhong (Guangzhou) Stainless Steel Co., Ltd., and the Stainless Steel Branch of Jiu Steel Group Hongxing Iron and Steel Co., Ltd. The applicants did not file a final review application for the anti-dumping measures applicable to the imported stainless steel billets and hot-rolled stainless steel plates/coils from Japan.

According to the relevant provisions of the Anti-Dumping Regulations of the People's Republic of China, the Ministry of Commerce has reviewed the qualifications of the applicants, the relevant situation of the products under investigation and the same kind of domestic products, the import situation of the products under investigation during the implementation period of the anti-dumping measures, the possibility of the continuation or recurrence of dumping, the possibility of the continuation or recurrence of damage, and other relevant evidence. The existing evidence shows that the applicants meet the provisions of Articles 11, 13, and 17 of the Anti-Dumping Regulations of the People's Republic of China regarding the industry and its representativeness, and are qualified to make the application on behalf of the Chinese stainless steel billet and hot-rolled stainless steel plate/coiling industry. The investigation authority believes that the assertions of the applicants and the prima facie evidence submitted meet the requirements for filing a final review.

According to Article 48 of the Anti-Dumping Regulations of the People's Republic of China, the Ministry of Commerce decided to start the final review investigation on the anti-dumping measures applicable to the imported stainless steel billets and hot-rolled stainless steel plates/coils originating from the EU, the UK, South Korea, and Indonesia from July 23, 2024. The relevant matters are hereby announced as follows:

Note: For more information, please refer to the official announcements by the Ministry of Commerce.

🌿 Deway Stainless Steel: Embracing a New Era of Green Intelligent Manufacturing 🚀

Imagine a vast production line with only 2 operators, who monitor production data in real-time through an intelligent control system. The factory area is spacious and tidy, with lush greenery and grass everywhere...

Recently, upon approaching Zhejiang Deway Stainless Steel Pipe Industry Co., Ltd. in Xinfeng Town, Nanhu District, the traditional impression of a steel mill has been completely overturned.

Now, keywords like green and intelligent have become the main theme of Deway Stainless Steel. With digitalization as the "boat" and greenization as the "sail," they have achieved a synergistic effect of "1+1＞2," winning a broader market space for the company.

🔢 Every Steel Pipe Has a Unique Identification Number

Deway Stainless Steel is a large high-tech enterprise specializing in the production of stainless steel and special alloy steel pipes and fittings. In every steel pipe produced, Deway's "smart manufacturing power" is hidden.

Deway Stainless Steel, always in the traditional industry field, has always attached great importance to intelligent manufacturing. However, in its early stages, due to a lack of in-depth understanding and practical experience in digital transformation, Deway often felt at a loss, like "punching a cotton ball," with nowhere to exert its strength and difficult to find a breakthrough.

As early as 2017, Deway Stainless Steel reached a strategic cooperation with an information technology company to jointly promote the construction of the enterprise's industrial internet platform and cultivate the "main battlefield" of digital transformation.

Especially through the use of the MES system, the company has achieved full-system control over the factory, realizing full-process control of process guidance, production performance, quality inspection, and product traceability. "Through the MES system, management personnel can monitor product quality by checking equipment, replacing manual inspection and patrol with product traceability, which greatly improves product quality and reduces the error rate of manual quality inspection," said Hu Kailai, General Manager of Zhejiang Deway Stainless Steel Pipe Industry Co., Ltd.

Thanks to the construction of the enterprise's digital system, now every steel pipe produced by Deway has a unique code, which can trace every link in the production process, time node, operator, and process parameter records, etc. Production efficiency has increased by 40.8%, energy utilization efficiency has increased by 15.7%, and the networking rate of key processes of the machine is 100%, transforming into a national-level specialized and new "little giant" enterprise.

🌞 Over 70% of the Production Line Uses Energy-saving Motors

Standing in the administrative building of Deway Stainless Steel and looking into the distance, you can see rows of neatly distributed solar panels covering the roof, shining like a green "treasure bowl" under the scorching sun. Roof photovoltaics convert solar energy into a continuous source of electricity, supplying the entire factory area.

"We have utilized all the idle roofs above our factory buildings, building photovoltaic panels, totaling about 70,000 square meters. The electricity generated by the photovoltaic panels during the day is basically not used up in production," Hu Kailai calculated an account, according to the enterprise's monthly electricity bill of 500,000 yuan, solar photovoltaic panels can save about half of the electricity bill for the enterprise, greatly saving operating costs.

Deway Stainless Steel not only has a green and low-carbon "appearance," but its core is even "greener." Taking the creation of a green and low-carbon factory as an opportunity, Deway Stainless Steel plays a "green march" in the entire industry chain: technical transformation of the original asynchronous motor, saving about 30% of energy per unit; refining product design, reducing the raw material usage per unit product. At present, more than 70% of the production lines of Deway Stainless Steel use energy-saving motors.

During the production process of stainless steel pipes, a lot of wastewater is often produced. How to achieve efficient recycling of industrial wastewater has become a major challenge for Deway Stainless Steel. To meet this challenge, Deway Stainless Steel has established a special wastewater treatment workshop, taking a series of innovative measures such as process optimization and equipment upgrading. At present, about 120 tons of treated wastewater are reused in the enterprise's production process every month, helping the enterprise to reduce costs and increase efficiency with "green energy."

📢 For more information and to follow the latest news on stainless steel industry, please stay tuned to our social media channels.

📈 Profit Surge for Jin Mo and Luoyang Molybdenum in the First Half of 2024

Jin Mo Shares 2024 First Half-Year Performance Increase

On July 13, Jin Mo Company released the 2024 semi-annual performance announcement. During the announcement period, the company achieved a total operating revenue of 65.93 billion yuan, an increase of 19.66% compared to the same period last year; the total profit was 19.96 billion yuan, an increase of 1.94%; and the net profit attributable to the shareholders of the listed company was 15.02 billion yuan, an increase of 0.59%. The basic earnings per share were 0.465.

Luoyang Molybdenum: Expected Significant Increase in First Half-Year Net Profit

On the evening of July 12, Luoyang Molybdenum announced that the net profit for the first half of the year is expected to be between 51.89 billion yuan and 57.35 billion yuan, a year-on-year increase of 638%-716%. The main reason for the significant increase in the company's performance in the first half of 2024 compared to the same period last year is the significant increase in the production and sales volume of the main products such as copper and cobalt, the obvious effect of cost optimization and technical improvement measures, and the strong market price of copper in 2024, which has brought about an improvement in performance.

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I Endorse the Brand: Zou Huiping: Focused on stainless steel for 18 years. Post-epidemic era, helping rust enterprises tell good stories and spread the stainless brand!

Cover Story & Business Circle: Riding the Wind and Waves, Qingshan Steel Pipe Building Dreams and Sailing Far.

Cover Story: The stainless steel entrepreneurship history of Dou Changlin, the founder of Jiangsu Ruiyin.

Cover Personality: Li Guibo: People-oriented, brave in breakthroughs, adding "invisible wings" to the stainless dream.

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Leading Companies: The four leading companies in the stainless steel industry have entered a period of fierce competition, attracting attention from the entire industry! Reviewing a few thoughts on the "3·8 London Nickel Qingshan Incident". Congratulations to Qingshan Steel Pipe for being awarded the excellent supplier of Sinopec.

Beijing University of Science and Technology Stainless Steel Business Circle President Class Opening Ceremony: Vertical integration, upward growth, setting sail and sailing.

Beijing University of Science and Technology Stainless Steel Business Circle President Class Graduation Ceremony: Graduation is only a temporary parting, looking forward to your more brilliant return.

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Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

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• Email: ae@americenergy.com
• Phone: 13521210668
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• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

Jindal Stainless Urges Government to Remove Tariffs on Key Raw Materials

According to Reuters on July 21, 2024, Jindal Stainless has urged the government to remove tariffs on ferro-nickel and ferro-molybdenum in the upcoming budget to ensure the industry can obtain these key raw materials at competitive prices. The current tariff on ferro-nickel is 2.5%, and that on ferro-molybdenum is 5%.

Abhyuday Jindal, Managing Director of Jindal Stainless Limited (JSL), said, "We propose the long-term exemption of basic tariffs on ferro-nickel and ferro-molybdenum to ensure the industry can obtain these important raw materials at competitive prices." Representing the stainless steel industry, Jindal urged the government to continue supporting the 'Make in India' initiative by encouraging innovation and sustainable practices to enhance competitiveness. He stated that reducing raw material import tariffs and providing tax incentives for R&D would greatly benefit the industry.

Jindal Stainless also seeks to continue zero tariffs on stainless steel scrap, scrap steel, and pure nickel, and to maintain a 30% export tax on chromite ore. The minister further stated that there is an urgent need to address the long-standing issue of dumping subsidies and low-quality imports from China through appropriate measures for such products, to ensure a fair competitive environment. "Individuals and businesses have high hopes for the union budget," said Jindal. "We look forward to the first comprehensive budget of this year, and I look forward to another growth-oriented budget, especially one that promotes manufacturing and infrastructure, which are important pillars of our country's progress."

Jindal Stainless is the largest stainless steel manufacturing company in Indonesia, with an annual production of about 3 million tons. The content is sourced from Reuters and does not represent the views of 51BXG.