China will implement safeguard tariffs on imported steel products on November 20 before the expiration of the existing temporary steel tariffs. On May 24, China imposed six-month-long special tariffs ranging from 7% to 26% on nine steel products: medium plates, steel sheets, silicon steel, stainless steel sheets, wire rods, steel bars, steel sections, seamless steel tubes and steel billets.

"As far as we know, the Mainland will extend tariffs on five steel products to be imported under 27 tariff codes from November 20 this year until May 23, 2003," a source with Taiwan's Yieh Phui Enterprises said. The source, Mr. Huang, is with Yieh Phui's sales department overseeing Yieh Phui's sales in mainland China.

The five products are hot-rolled steel sheets, cold-rolled sheets, color-coated sheets, non-oriented silicon steel sheets and stainless cold-rolled sheets, Huang said. Import quotas mainland China to impose on five steel products beginning November 20
(Adopted From Interfax)