China's stainless steel prices rise despite emergence of S Korean duties

China's stainless steel market was unaffected by anti-dumping duties that emerged from South Korea in the past week, with prices rising amid tightening supply and costlier raw materials.

The Korea Trade Commission on July 22 said it would impose anti-dumping duties of 7.17-25.82% on stainless flat-rolled steel products from mainland China, Taiwan and Indonesia.
The rates are as follows:
Mainland China
Taiyuan Iron & Steel: 23.69%Lianzhong Stainless Steel: 25.82% All other mills: 24.83%
Taiwan
Yieh United Steel: 9.47% Walsin Lihwa: 7.17%All other mills: 9.07%
Indonesia
All mills: 25.82%
Domestic
Stainless steel cold-rolled coil 2mm grade 304 domestic (Wuxi): 19,900-21,000 ($3,061-3,230) per tonne, up by 900 yuan per tonne from a week earlier

The recently announced South Korean duties will make it harder for Chinese stainless steel to be exported...

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