In line with the decision taken at its 470th meeting held on March 23, the Commission announced that the products in question caused material injury to the domestic industry.
Accordingly, the Commission recommended to the Minister of Strategy and Finance the imposition of anti dumping duties ranging from 31.58% to 33.43% on products originating from Japan and from 28.16% to 33.10% on products originating from China. The investigation was initiated following an application filed by Hyundai Steel in December 2024. The Commission formally launched the investigation in March 2025 and imposed provisional anti dumping duties ranging between 28.16% and 33.57% on September 23, 2025.
Meanwhile, the Commission also evaluated price undertakings submitted by three Japanese and six Chinese companies. A total of nine companies, including JFE Steel and Baoshan Iron & Steel, committed to increase their export prices for the next five years, and the Commission recommended to the Minister of Economy and Finance that these undertakings be accepted. Under the price undertaking system, companies that voluntarily increase their export prices are exempt from anti dumping duties. It was stated that these nine companies accounted for approximately 81% of total hot rolled product imports to Korea during the 2022 to 2024 period.
The Commission stated that the determined price undertakings are at a level that will mitigate the injury to the domestic industry and will contribute to stabilizing the supply demand balance in the hot rolled products market. If the undertakings are fully implemented, domestic product shipments are expected to increase by more than 1 million tons and market share is projected to rise by approximately 8.9 percentage points.
It was also announced that certain products covered by the investigation but not currently produced in the country, such as tool steel, will be exempt from anti-dumping duties. This step is expected to help maintain the supply and demand balance for these products.
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