(Bloomberg) — Japan’s Ministry of Economy, Trade and Industry is expanding the scope of anti-dumping duties to include Chinese steel and other products shipped through third countries, a ministry official said.
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It is considering approaching the Finance Ministry before the end of this month, when all government agencies submit their requests for tariff revisions in the next fiscal year, the official said. If approved, the measure would target all import routes and help tackle previous attempts to import steel from China via other countries.
The move comes as China’s steel exports rise amid weakening domestic demand. Countries have increased trade safeguards against the world’s largest steelmaker amid concerns about possible dumping stemming from the crisis. Japan’s biggest steelmaker, Nippon Steel Corp., had said it was lobbying the government along with other local companies to impose measures against Chinese imports of the construction metal.
–With assistance from Shoko Oda.
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