South Korea Considers Imposing Tariffs on Certain Chinese Steel Products

On February 20, the Trade Commission of the Ministry of Industry, Trade and Resources (MITRAB) of South Korea initiated a preliminary investigation into Chinese imports of “carbon and other alloy steel hot rolled steel sheet and plate products” and made a preliminary finding of dumping, proposing provisional anti-dumping duties of between 27.91% and 38.02% on Chinese imports. The preliminary determination was 27.91% for Baosteel, 29.62% for Jiangsu Shagang, 38.02% for Xiangtan Iron & Steel, Sano International and Xiamen International Trade Holdings, and 31.69% for other suppliers in China.

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Qianben Steel (Hebei) Co., Ltd. is located in the core base of China's iron and steel industry--Tangshan City, Hebei Province, which is a modernized iron and steel industry integrating steel production, processing and trading.

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