China hints at extending duties on SBR
ERJ staff report (TP)
Beijing – China has advised its domestic companies to file applications for a renewal of anti-dumping investigation into styrene-butadiene rubber (SBR) imported from South Korea, Japan and Russia, a step that could lead to extension of five-year duties against the rubber chemical, reported Yonhap News.
Unless no applications were received for 60 days from 7 March, the anti-dumping duties against SBR imported from the three nations would be terminated on 8 September this year, China's commerce ministry said in a statement.
China has levied anti-dumping duties on SBR imported from these three nations since 7 September 2009.
After reviewing the situation of the domestic industry over the past five years, the Chinese ministry said: "The termination of anti-dumping duties is likely to lead to continuation of dumping and harm to the industry or an extension of the anti-dumping duties."
If the Chinese ministry does not receive any applications to review the scheduled expiration of the anti-dumping duties, "The anti-dumping measures will be suspended from 8 September 2014," the statement said.
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Full story from Yonhap News