China is set to extend anti-dumping tariffs on solar polysilicon imports from South Korea and the U.S. for another five years.
In its third public notice of the year on Tuesday, China’s Ministry of Commerce stated that lifting the anti-dumping measures could lead to continued or renewed dumping of solar polysilicon from the U.S. and South Korea, potentially causing ongoing harm to relevant domestic industries. The extension will take effect on Wednesday.
Based on its investigation, the Ministry recommended that the State Council Tariff Policy Committee continue the anti-dumping measures. The committee subsequently approved a five-year extension of the tariffs.
China first imposed these anti-dumping tariffs on solar polysilicon imports from South Korea and the U.S. in January 2014 for a five-year period. As the initial term approached its end in January 2020, China conducted a review and extended the tariffs for another five years.
In January of last year, the Ministry of Commerce announced it would conduct an expiration review of the anti-dumping measures on solar polysilicon from South Korea and the U.S.
The tariff rates for South Korean companies vary: OCI faces 4.4%, Korea Silicon 9.5%, Hanwha Solutions 8.9%, SMP 88.7%, while Woongjin Polysilicon and KCC both face 113.8%. Other South Korean firms are subject to an 88.7% tariff. U.S. companies face rates ranging from 53.3% to 57%, depending on the specific firm.
The Ministry added that parties disagreeing with the decision may request an administrative review or file a lawsuit in the People’s Court, as per legal procedures.