Coated and Pre-painted Steel Sheets from China May Face South Korean Anti-Dumping Duties

(Central News Agency, Taipei, April 16) Yonhap News Agency reported that the Korea Trade Committee today determined that coated and pre-painted steel sheets produced by four Chinese steel companies are being dumped. The committee therefore decided to recommend that the Korean Minister of Economy and Finance impose anti-dumping duties ranging from 22.34% to 33.67% on the relevant Chinese products. A final decision will be made in September after subsequent procedures such as on-site inspections and hearings.

According to the report, the Chinese steel products recommended by the Korean Ministry of Trade, Industry and Energy for anti-dumping duties are galvanized sheets, zinc-iron alloy sheets, and color-coated sheets with a thickness of less than 4.75 mm, involving four Chinese companies.

The report mentioned that the Korea Trade Committee will conduct subsequent procedures such as on-site inspections and hearings, and will make a final decision in September.

For many years, Chinese steel products have been repeatedly investigated by various countries and have now become the main target of global anti-dumping investigations. With China's overcapacity in steel production, many steel companies are exporting various steel products at low prices globally, leading countries to implement anti-dumping measures to protect their domestic industries, including imposing additional tariffs, anti-dumping duties, and launching trade remedy investigations. (Editor: Qiu Guoqiang/Zhang Zhixuan) 1150416

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