South Korea considers anti-dumping duties on hot-rolled steel from China and Japan

The South Korean Trade Commission (KTC) has recommended that the Ministry of Economy and Finance impose preliminary anti-dumping measures on imports of hot-rolled carbon and alloy steel (HRC) from China and Japan. This was reported by Mysteel Global.

The KTC investigation was launched in March this year based on a complaint filed by Hyundai Steel. The company claims that the influx of cheap Chinese and Japanese hot-rolled steel has damaged the local steel market.

KTC recommended imposing preliminary anti-dumping duties ranging from 31.58% to 33.57% on Japanese HRC and from 28.16% to 33.1% on Chinese products. The Ministry of Finance will decide whether to apply preliminary anti-dumping measures by the end of August this year.

Recall that at the beginning of the year, South Korea imposed temporary anti-dumping duties on Chinese companies for imports of thick-gauge rolled steel used in shipbuilding and construction. The Trade Commission announced that the tariff rate would range from 27.91% to 38.02%.

As GMK Center reported earlier, Vietnam imposed anti-dumping duties ranging from 23.10% to 27.83% on certain hot-rolled steel products originating in China after the expiry of a similar temporary tariff. The duties, which came into force on July 6, will apply for five years. Vietnam launched an anti-dumping investigation in July 2024 following complaints from local producers.