China’s import of hot-rolled stainless steel sheet and stainless steel billets jumped by 200% in 2017.

On Monday, China’s Ministry of Commerce disclosed, it has begun an anti-dumping investigation into the import of hot-rolled stainless steel sheet and stainless steel billets from Indonesia, the European Union, South Korea and Japan.

The probe comes in the wake of a complaint by Shanxi Taigang Stainless Steel along with 4 other other mills, including Baosteel’s stainless steel division.

In 2017, China imported 703,000 tonnes of these products in 2017, up by 200% from a year earlier; 98% of these imports come from the regions that have been targeted.

The significant jump in these imports have caused a real damage to the Chinese market, reads the complaint filed by Shanxi Taigang.

Incidentally, Shanxi Taigang accounts for 25% to 35% of China’s stainless production.

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