Reportedly, Chinese stainless steel mills' oversupply has been threatening the nearby countries.
According to the latest statistics, the capacity utilization rate of the Chinese stainless facilities was only at 61.3%, caused by surged output and weak demand.
Facing the fierce price competiveness from cheap import, Tang Eng, one of the major stainless steel mills in Taiwan has been mulling to file the antidumping investigation against the cheap imports from China and South Korea.
China's crude stainless steel output totaled 12.591 million tons in 2011, soaring by 11.86% from a year earlier, according to statistics of the Stainless Steel Council of China Special Steel Enterprise Association (CSSC).