November 20, 2008

Taiwan to ban GI imports from China

In order to avoid China’s GI products with lower prices, Taiwan Steel & Iron Industries Association has requested the government to impose a temporary ban on China’s GI imports.

Currently, GI product from China is transacted at USD 935 per tonne which is USD 131 per tonne lower than Taiwan mills’ price on average.

Due to administration procedure, the restriction law is expected to be approved in August and will be enforced in early September.

(Sourced from YIEH.com)