Dongkuk to file anti-dumping petition vs Chinese color steel imports

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Dongkuk to file anti-dumping petition vs Chinese color steel imports - Korea Economic Daily

Quick Summary:

After reviewing the complaint, the MOTIE will decide around May whether to launch an investigation into the anti-dumping allegations.“The heavy influx of low-cost Chinese coated and color steel sheets is distorting domestic market prices and jeopardizing housing safety with substandard products.” said a Korean steel industry official.

Dongkuk Coated Metal (Dongkuk CM), South Korea’s largest color-coated steel producer, said on Thursday it has decided to file an anti-dumping petition against Chinese imports of color steel sheets used in construction to Seoul’s Ministry of Trade, Industry and Energy (MOTIE).

INDIRECT IMPORTSThe government's launch of an anti-dumping investigation into Chinese hot-rolled steel sheets has prompted domestic color steelmakers to lodge a complaint against Chinese rivals.