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China to impose duties on S. Korean acrylic fibers, electrical steel

All News 17:43 April 01, 2016

BEIJING, April 1 (Yonhap) -- China's commerce ministry said Friday it will impose antidumping duties on imports of acrylic fibers from South Korea, Japan and Turkey to protect its domestic producers.

Duties up to 17.8 percent will be levied on imports of acrylic fibers, mainly used for the production of sweaters and tracksuits, from the three nations from Saturday, the Chinese ministry said in a statement.

In a separate statement, the Chinese ministry also said it will impose antidumping duties of up to 46.3 percent on imports of grain-oriented flat-rolled electrical steel (GOES) from South Korea, Japan and the European Union. GOES is used to produce transformer cores.

The Chinese ministry did not reveal when it will start imposing the duties on GOES.


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