Other Taiwanese cold-rolled stainless steel
exporters will have to pay the highest 14.02 percent tariff, the MITI said.
At present, Yieh United has an annual production capacity of 1.4 million metric tons of cold-rolled stainless steel both in Taiwan and mainland China.
Lin said the cold-rolled stainless steel produced by the new plant in Guangzhou will help his company launch production placement across the Taiwan Strait.
Meanwhile, Andritz has also agreed with Jiuquan Iron & Steel Group Co Ltd to establish a tension-leveling line as well as an offline skin pass mill for cold-rolled stainless steel
strip, with a total annual capacity of 200,000 tonnes.
Taiwan is the largest cold-rolled stainless steel supplier to Malaysia, according to the MOEA.
While Taiwan's cold-rolled stainless steel exports for the first nine months of last year fell 67 percent from a year earlier to US$6.89 million, Taiwan still accounted for a 47 percent share of Malaysia's total imports of the product, the largest among all of the country's importers.
Cold-rolled stainless steel
sheets are widely used in kitchens, bathtubs, construction materials and utensils.
Since China set up regulations against dumping in 1997, the government has issued four rulings against foreign manufacturers, including a final ruling issued Monday finding nine Japanese steelmakers guilty of selling cold-rolled stainless steel
sheets at unfairly low prices.
China's Foreign Trade and Economic Cooperation Ministry issued a final ruling Monday finding nine Japanese steelmakers guilty of selling cold-rolled stainless steel
sheets at unfairly low prices and imposing dumping margins ranging from 17% to 58% on eight of them, according to documents submitted to the Japanese Embassy in Beijing.
It has been operating at full capacity since it launched a cold-rolled stainless steel
plant at the end of 1998.
International Trade and Industry Minister Takashi Fukaya on Friday urged the Chinese government to make a ''fair final ruling'' on an antidumping case involving Japanese cold-rolled stainless steel
sheets shipped to China.
The Ministry of Foreign Trade and Economic Cooperation said in a statement that all importers of cold-rolled stainless steel
sheets from Japan and South Korea will have to hand in a certain amount of cash as guarantee money to Chinese Customs, effective Thursday, the news agency said.