Yonap News reported that South Korea’s trade watchdog plans to propose
to the government the introduction of antidumping duties on Chinese
steel wire products. The Korea Trade Commission held a meeting on
Thursday and decided to recommend to the Strategy and Finance Ministry
that it levy eight-point-six percent duties on galvanized low carbon
steel wire imports from China over the next five years, judging the
Chinese imports injured the domestic industry.
The size of the local market for galvanized low carbon steel wire is
around KWR 100 billion and Chinese imports account for around 70 percent
of it.
The commission also decided to propose the ministry extend antidumping
duties for five more years on ethanolamine imported from the U.S.
Malaysia, Thailand and Japan, ranging from 12-point-64 percent to
21-point-79 percent.
The ministry will review the commission’s proposals and make final decisions within 12 months.
South Korea To Impose Antidumping Duties On Chinese Steel Wireproducts
- May 25, 2018-