The duties will be imposed for a period of four months starting September 1

South Korea’s Ministry of Economy and Finance has imposed temporary anti-dumping duties on hot-rolled coils (HRC) made of carbon and alloy steel from China and Japan. This was reported by Mysteel Global.

The temporary duties will be imposed for a period of four months, starting September 1.

The temporary anti-dumping duty rates range from 31.58% to 33.57% for Japanese companies and from 28.16% to 33.1% for Chinese companies.

The investigation was launched in March this year based on a petition filed by Hyundai Steel. The latter claimed that HRC from China and Japan was sold at dumping prices, which caused damage to the local industry.

In July, the South Korean Trade Commission (KTC) recommended that the Ministry of Economy and Finance impose preliminary anti-dumping measures on imports of Chinese and Japanese hot-rolled steel.

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 provisional 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.

As GMK Center reported earlier, Taiwan imposed temporary anti-dumping duties on certain types of hot-rolled flat products from China for a period of four months. They came into effect on July 3 this year.