Russia Levies High Tariff on Stainless Steel Coil from China

According to the report from the Bangkok Post, TTP Company, the biggest tin and iron manufacturer in Thailand said that the imported tin and iron products from China, R .O Korea and Taiwan region largely increased because of the continuous appreciation of THB. The total tin and iron product imports reached 208,000 tons from January to October this year, up nearly double year-on-year, cheaper 10% to 20% than that of the products in Thailand. Market share for local manufacturers in Thailand has reduced from 77% in 2005 to current 60%, price falling to the deficit breakthrough point. It is said that the TTP Company will make final decisions by the end of December on whether to apply for formal anti-dumping litigation to the Ministry of Commerce of Thailand.