On November 8, the Ministry of Commerce issued an announcement, stating that the investigation authority finally ruled that there is dumping in the imported acrylonitrile-butadiene rubber originating in Korea and Japan, the domestic acrylonitrile-butadiene rubber industry is substantially damaged, and there is a causal relationship between dumping and substantial damage.
According to Article 38 of the Anti-Dumping Regulations, the Ministry of Commerce proposes to the Customs Tariff Commission of the State Council to impose anti-dumping duties. Based on the recommendations of the Ministry of Commerce, the Customs Tariff Commission of the State Council has made a decision that from November 9, 2018, impose anti-dumping duty on imported acrylonitrile-butadiene rubber originating in Korea and Japan, with a maximum anti-dumping duty rate of 56.4%.
Rates of anti-dumping duty imposed on companies are as follows:
Korean companies: 12.0% for Kumho Petrochemical Co., Ltd., 15.0% for LG Chemical Co., Ltd., and 37.3% for other Korean companies.
Japanese companies: 28.1% for Japan Zeon Co., Ltd., 16.0% for JSR Co., Ltd., and 56.4% for other Japanese com-panies.
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