In a decisive move, Thailand has broadened its anti-, reflecting the nation’s persistent vigilance against trade malpractices. The Department of Foreign Trade of Thailand has announced an extension of anti-dumping duties targeting alloy hot-rolled coils imported from China. This enforcement, which first began in September 2023, has been extended retroactively to encompass various product categories under specific Harmonized System codes, namely 7225 and 7226.
The DFT's latest action follows a rigorous investigation initiated on September 16, 2023. This probe was spurred by suspicions that Chinese exporters were evading pre-existing anti-dumping tariffs by modifying the alloy compositions of their hot-rolled coils. The suppliers were found to be incorporating additional alloys and reclassifying their products under different HS codes, thus circumventing the established duties. The scope of the investigation covered 17 Chinese producers, whose practices were scrutinized for compliance with trade regulations.
Under the newly extended regulations, products falling under HS codes such as 7225.3090.022, 7225.3090.024, 7225.3090.042, and others, along with those under 7226.9110.022 and similar classifications, will now face an anti-dumping duty of 30.91% based on their customs value. This substantial levy aims to counteract the unfair pricing advantages that the Thai authorities believe these Chinese exporters have been exploiting.
This tariff extension specifically targets hot-rolled coils that contain a minimal titanium content of 0.03%. The addition of titanium was previously employed as a tactic to circumvent the import duties imposed on unalloyed steel products. By adding titanium, the exporters effectively reclassified their products to evade the duties, which prompted the DFT’s updated enforcement measures.
The Thai authorities’ decision reflects a broader strategy to ensure fair trade practices and protect local industries from predatory pricing. The retrospective application of these duties from September 2023 underscores Thailand's commitment to maintaining a level playing field in its steel market.
Looking forward, the DFT plans to review these anti-dumping measures in July 2028, ensuring that the regulations remain effective and adapted to any evolving trade dynamics. This ongoing review process will be crucial in assessing the long-term impact of these tariffs and making necessary adjustments based on the prevailing market conditions.
