According to a Kyodo News report published on July 24, Japan's Ministry of Finance and the Ministry of Economy, Trade and Industry (METI) concluded that the products in question had been sold in the Japanese market at dumped prices, causing injury to the domestic steel industry.
The investigation covers hot-dip galvanized steel sheets and strip used in the production of guardrails and various construction materials.
The investigation found that the selling prices of South Korean products in Japan were up to 43% lower than those in the domestic South Korean market, while the selling prices of Chinese products were up to 69% lower than those in China's domestic market.
In April last year, four Japanese steelmakers, including Nippon Steel and Kobe Steel, requested an anti-dumping investigation, arguing that imports from South Korea and China were causing injury to the domestic industry. In response, Japan's Ministry of Finance and the Ministry of Economy, Trade and Industry (METI) launched an anti-dumping investigation in August of the same year.
The Japanese government is expected to decide by the end of the year whether to impose anti-dumping duties on the products concerned.
Following a cabinet meeting, Japan's Finance Minister Satsuki Katayama said the investigation would continue in order to reach a final decision.
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