On March 1, 1999, the International Trade Commission of the Ministry of Economic Affairs (hereinafter referred to as the "ITC of MOEA") made a negative final determination in its injury investigation involving Steel Shot and Steel Grit from Spain, Italy and South Africa.
According to the negative final determination, the ITC found that an ROC industry is not being materially injured or threatened with material injury by reason of imports from Spain, Italy and South Africa that are allegedly sold in ROC at less than normal value.
Under the jurisdiction set forth in the Implementing Regulation on the Imposition of Countervailing and Antidumping Duties, the MOEA shall make an investigation, conducted by ITC, as to whether there is any injury to an ROC industry. As a result of the MOEA's negative final determination, we therefore transferred this case to the Ministry of Finance on March 12 for an official termination of this case.
The public Chinese version of the final injury investigation report is expected to be available after April 1, 1999, from the Investigation Division of the ITC. If you would like a copy of this'report, please contact us.
FACTUAL HIGHLIGHT
Product Description: The imported products subject to this investigation are Steel Shots and Steel Grits which are generally high carbon steel products mainly used for stone cutting and grinding as well as metal surface treatment purposes. Currently, manufacturers of Steel Shots and Steel Grits in various countries are referring to the practices of the Society of Automotive Engineers as their production standards. The Steel Shots and Steel Grits subject to this investigation may be classified under subheadings 2705.10.20 of the Customs Import Tariff and Classification of the Import and Export Commodities of the Republic of China.
Status of Proceedings: 1. Type of investigation: Final antidumping investigation. 2. Petitioner: Taiwanabrator Co., LTD. 3. Date of the initiation of the final investigation by the ITC: January 14, 1999. 4. Date of the ITC public hearing: January 30, 1999. 5. Date of the ITC vote: March 1, 1999. 6. Date when the MOEA determination shall be sent to the Ministry of Finance: March 12, 1999
R.O.C. Industry: 1. Number of producers during the period, January 1, 1998-September 30, 1998: one. 2. Employment of production and related workers during the period, January 1, 1998-September 30, 1998: around 50. 3. Apparent R.O.C. consumption during the period, January 1, 1998-September 30, 1998: 39,345 metric tons (MT). 4. Market share held by the domestic like product during the period, January 1, 1998-September 30, 1998: around thirty percent.
R.O.C. Imports: 1. Subject imports from Spain, Italy and South Africa during the period, January 1, 1998-September 30, 1998: 18,189 MT. 2. Subject imports from third countries during the period, January 1, 1998-September 30, 1998: 9,322 MT. 3. Leading import sources during the period, January 1, 1998-September 30, 1998: Spain, Italy and South Africa.