South Korea to levy 38% anti-dumping duties on Chinese steel products

Q: How long will it take to read this news story?

The story "South Korea to levy 38% anti-dumping duties on Chinese steel products" has 670 words across 27 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "South Korea to levy 38% anti-dumping duties on Chinese steel products" was covered 1 days ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 6 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26289264</li><li>URL: https://beamstart.com/news/south-korea-to-levy-38-17400427217927</li></ul>

Korea Economic Daily Logo Korea Economic Daily 1d ago

South Korea to levy 38% anti-dumping duties on Chinese steel products - Korea Economic Daily

Quick Summary:

Last July, Hyundai Steel filed a petition with the government, requesting a state investigation into claims that Chinese and Japanese steelmakers – including Baowu Steel Group, Nippon Steel Corp., JFE Steel Corp.and Kobe Steel Ltd.– have been selling hot-rolled steel in Korea at dirt-cheap prices.POSCO Holdings Inc., the parent of Korea’s top steelmaker POSCO, and Hyundai Steel are reeling from heavy inflows of steel products from China, which is also struggling to cope with an oversupply caused by a slumping property sector at home.

CHINESE IMPORTS OUTCOMPETE KOREAN PRODUCTSOn Wednesday, the Korean government said it will soon launch an investigation into hot-rolled steel imports from China and Japan, alleging that their products are brought in and sold at prices 10-15% lower than Korean products.

South Korea plans to impose up to 38% provisional anti-dumping duties on Chinese hot-rolled steel plates starting next month, judging that those products have undercut domestic steelmakers.