Yunlu Advanced Materials Sets Up Task Force In Response to India's Anti-Dumping Investigation
Qingdao Yunlu Advanced Materials Technology (SHA:688190) established a task force to respond to India's anti-dumping investigation for cold-rolled grain-oriented electrical steel and amorphous metal products, according to a Shanghai bourse filing on Friday.The anti-dumping investigation covers the company's amorphous alloy ribbons.India is looking at whether to raise anti-dumping rates on such products coming from China, Japan, South Korea and Russia.The Chinese advanced magnetic materials maker's shares slumped 11% at the close.