China is expected to face anti-dumping duties of up to 33.67% on galvanized cold-rolled steel. Additionally, a proposal is underway to extend the 10.32% anti-dumping duties on Chinese offset printing plates for another five years.
On October 23, the Ministry of Trade's Trade Commission held its 478th meeting and finalized the results of the anti-dumping investigation into Chinese galvanized cold-rolled steel and offset printing plates.
The Trade Commission determined that the domestic industry suffered due to dumping of Chinese galvanized cold-rolled steel. It recommended that the Minister of Economy and Finance impose a price commitment on ten Chinese exporters and apply anti-dumping duties ranging from 22.34% to 33.67% for the next five years.
Galvanized cold-rolled steel is widely used in automotive parts, home appliances, construction materials, and piping. The investigation began in November of last year at the request of three domestic companies, including Dongkuk Steel.
Furthermore, the Trade Commission is also pushing for a five-year extension of anti-dumping measures on Chinese offset printing plates. It believes that ending the current measures could lead to renewed dumping of these products and harm the domestic industry.
As a result, the Commission plans to recommend that the government impose a 10.32% anti-dumping duty on all Chinese suppliers for five years. Since May 2021, duties ranging from 8.78% to 10.32% have been applied to Chinese offset printing plates.
The Trade Commission is also examining the dumping status of Chinese seamless steel pipes. An investigation was initiated on October 8 at the request of Iljin Steel, with preliminary findings expected in February, a public hearing in May, and a final ruling in July.
Seamless steel pipes are manufactured without joints and are used in pipelines for transporting gases or liquids.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.