Temporary anti-dumping duties will come into force after approval by the Ministry of Economy and Finance

South Korea is imposing temporary anti-dumping duties on Chinese companies for imports of heavy plates used in shipbuilding and construction, SteelOrbis reports.

The Trade Commission of the Ministry of Commerce, Industry and Energy announced that the tariff rate will be between 27.91% and 38.02%.

The preliminary anti-dumping duties are 27.91% for China’s Baowu Steel, 29.62% for Shagang Group, 38.02% for Xiangtan Iron and Steel and ITG Holding, and 31.69% for other suppliers. This preliminary decision will be the largest anti-dumping case involving the largest amount in the history of similar investigations.

It is reported that the provisional anti-dumping duties will take effect as soon as they are approved by the Ministry of Economy and Finance of South Korea.

The government investigation began in October 2024, preceded by a July request from Hyundai Steel.

In 2024, China supplied almost 8.2 million tons of rolled products to South Korea. This country was the second-largest export destination for Chinese steel products, second only to Vietnam in terms of exports. South Korea’s measures are expected to have a major impact on Chinese steel supplies.

In January, the Indonesian Ministry of Finance decided to extend anti-dumping duties on hot rolled coils (HRC) imported from China, India, Russia, Kazakhstan, Belarus, Taiwan and Thailand for another five years, until 2030.