South Korea imposes provisional duties on heavy plates from China

South Korea is imposing temporary anti-dumping duties on Chinese companies for imports of heavy plates used in shipbuilding and construction, SteelOrbis reports.

The Trade Commission of the Ministry of Commerce, Industry and Energy announced that the tariff rate will be between 27.91% and 38.02%.

The preliminary anti-dumping duties are 27.91% for China’s Baowu Steel, 29.62% for Shagang Group, 38.02% for Xiangtan Iron and Steel and ITG Holding, and 31.69% for other suppliers. This preliminary decision will be the largest anti-dumping case involving the largest amount in the history of similar investigations.

It is reported that the provisional anti-dumping duties will take effect as soon as they are approved by the Ministry of Economy and Finance of South Korea.

The government investigation began in October 2024, preceded by a July request from Hyundai Steel.

In 2024, China supplied almost 8.2 million tons of rolled products to South Korea. This country was the second-largest export destination for Chinese steel products, second only to Vietnam in terms of exports. South Korea’s measures are expected to have a major impact on Chinese steel supplies.

In January, the Indonesian Ministry of Finance decided to extend anti-dumping duties on hot rolled coils (HRC) imported from China, India, Russia, Kazakhstan, Belarus, Taiwan and Thailand for another five years, until 2030.

Share
Published by
Masha Malonog
Tags: China protective measures Південна Корея
  • Global Market

Turkey increased steel production by 7% y/y in April

In April 2025, steel enterprises in Turkey increased steel production by 7% compared to April…

Saturday May 31, 2025
  • Global Market

EU imposes final anti-dumping duties on tinplate from China

The European Commission (EC) has announced its decision to impose final anti-dumping duties on imports…

Friday May 30, 2025
  • Companies

Poland’s JSW exceeded plans for coal production and sales in Q1

Poland's Jastrzębska Spółka Węglowa (JSW), the largest coking coal producer in the EU, has announced…

Friday May 30, 2025
  • Global Market

Turkey increased steel exports by 14.4% y/y in April

In April, Turkey increased steel exports by 14.4% y/y – to 1.2 million tons. In…

Friday May 30, 2025
  • Global Market

The EU has almost exhausted its annual quota for imports of Russian pig iron in 3 months

In the first quarter of 2025, European companies almost exhausted the annual quota for imports…

Friday May 30, 2025
  • Companies

Nippon Steel to invest $6 billion in electric arc furnaces at three plants in Japan

Japanese steelmaker Nippon Steel plans to invest almost JPY870 billion ($6.05 billion) in the introduction…

Friday May 30, 2025