Ministry of Commerce issued Announcement No.15, 2005 to start a final judicial review investigation on the anti-dumping measures on imported Cold Rolled Stainless Steel Sheet originating from Japan and ROK.

The judicial review investigation covers products under the anti-dumping measures, namely Cold Rolled Stainless Steel Sheet in Japan and ROK.

In accordance with Article 48 and Article 50 of Anti-dumping Regulations of People’s Republic of China and the result of the investigation, matters of concern are listed as follows:

Ministry of Commerce decided that if the anti-dumping measures are terminated, dumping of imported Cold Rolled Stainless Steel Sheet originating in Japan and ROK and damage to the domestic industry in China may be recurrent.

In accordance with Article 50 of Anti-dumping Regulations of People’s Republic of China and the suggestion raised by Ministry of Commerce, Customs Tariffs Committee of the State Council decided to maintain the anti-dumping measures on the imported Cold Rolled Stainless Steel Sheet. Namely, as of April 8, 2006, the anti-dumping duties shall be imposed as that announced in Announcement No. 15, 2000 and shall last 5 years.

The investigated product is listed under No. 72193100, 72193200, 72193300, 72l93400, 72193500, 72199000, 72202010 and 72202090 in the Import and Export Tariffs of People’s Republic of China.

Companies in Japan:

Nippon Steel & Sumikin Stainless Steel Corporation：24%
NIPPON METAL INDUSTRY CO.,LTD.：26%
NISSHIN STEEL CO.,LTD.：17%
NIPPON YAKIN KOGYO CO.,LTD.：27%
NIPPON KINZOKU CO.,LTD.：58%
TAKASAGO TEKKO K.K.：58%
NAS STAINLESS STEEL STRIP MFG CO.,LTD. ：58%
JFE Steel Corporation shall still follow the related regulations in the former price protocol as from April 8, 2006
All others： 58%

Companies in ROK

POSCO, INI STEEL Company, BNG STEEL COMPANY, Taihan Electronic Wire Co., Ltd., DAIYANG METAL CO．，LTD., and SAMWON PRECISION METALS CO., LTD. shall still follow the related regulations in the former price protocol as from April 8, 2006
All others：57％


Disagreement with the final arbitration or the levy of the anti-dumping duties, could apply for an administrative reconsideration or lawsuit in accordance with Article 53 of Anti-dumping Regulations of People’s Republic of China.

Appendix: Final Judicial Review Arbitration of Ministry of Commerce on Anti-dumping Measures on Imported Cold Rolled Stainless Steel Sheet Originating from Japan and ROK.

Ministry of Commerce
April 8, 2006