Korea Imposes AD on Flat Steel from China, Indonesia & Taiwan
Yonhap News Agency reported that South Korea's Trade Commission has made a preliminary ruling that steelmakers of China, Indonesia and Taiwan dumped their flat-rolled steel products into the South Korean market. Under the preliminary decision, South Korea plans to slap an anti-dumping tariff of 49.04%. The tariff for those from Indonesia will be set at 29.68% and around 9.5% for Taiwanese suppliers. The final ruling is expected to be delivered in July.
The investigation came after South Korea's top steelmaker POSCO filed a complaint with the commission in July last year, arguing that flat-rolled steel products were being dumped into the local market.