South Korea imposes provisional anti-dumping tax on hot-rolled steel sheets from Japan and China

The Ministry announced on September 8 that the decision was made to prevent dumping and the resulting material damage. The duties will be in effect starting this month and will remain in place until January of next year.

Tax rates by company
Imports from Japan:

• JFE Steel Corporation and affiliates: 33.57%

• Nippon Steel Corporation and affiliates: 31.58%

• Other Japanese suppliers: 32.75%

Imports from China:

• Baoshan Iron & Steel Co., Ltd. and affiliates: 29.89%

• Bengang Steel Plates Co., Ltd. and affiliates: 28.16%

• Dalian Woo Ho Hongkong International Trading Ltd. and affiliates: 33.10%

• Sharpmax International Hongkong Co., Ltd. and affiliates: 33.10%

• Sino Commodities International Pte., Ltd. and affiliates: 33.10%

• Other Chinese suppliers: 33.10%

The anti-dumping investigation was launched in March 2024 following a complaint filed by Hyundai Steel in December 2023. According to the preliminary findings of the Trade Commission, dumping practices and their harm to the Korean steel industry were identified. The Ministry of Strategy and Finance decided that imposing provisional duties was necessary to prevent further damage while the main investigation is ongoing.

The provisional duty applies to hot-rolled sheet products produced by heating and rolling iron, carbon steel, or other alloy steels. However, coated products, hot-rolled sheets that are coated or intended for coating, and stainless steel products are excluded from this measure.

Products subject to duties include those under HS codes: 7208.10.1000, 7208.10.9000, 7208.25.1000, 7208.25.9000, 7208.26.1000, 7208.26.9000, 7208.27.1000, 7208.27.9000, 7208.36.1000, 7208.36.9000, 7208.37.1000, 7208.37.9000, 7208.38.1000, 7208.38.9000, 7208.39.1000, 7208.39.9000, 7208.40.0000, 7208.53.1000, 7208.53.9000, 7208.54.1000, 7208.54.9000, 7208.90.0000, 7211.13.0000, 7211.14.1000, 7211.14.9000, 7211.19.1000, 7211.19.9000, 7225.30.1000, 7225.30.9010, 7225.30.9091, 7225.30.9092, 7225.40.1000, 7225.30.9099, 7225.40.9092, 7226.20.0000, 7226.91.1000, 7226.91.2000, and 7226.91.9000.