Wedoany.com Report-Mar 27, South Korea has imposed a provisional antidumping duty of 21.62% on stainless steel plates from China for four months, a note from the Ministry of Economy and Finance showed.
The duty runs from March 25 to July 24 and follows an antidumping investigation that the Korea Trade Commission began Sept. 6, 2024. The results of the investigation were submitted Feb. 5.
"Accordingly, the Minister of Economy and Finance has decided to impose provisional antidumping duties as stated above in order to prevent damage to domestic industries," the ministry said.
The provisional order cited Schuang International Development Ltd., STX Japan Corp., Best Win International Co. Ltd., Jiangsu Daekyung Stainless Steel Co. Ltd., and other suppliers based in China.
The plates affected by the tariffs have a width of 600 mm or more and a thickness of 4.75 mm or more and fall under the harmonized tariff schedule of Korea (HSK) codes 7219211010, 7219211090, 7219219000, 7219221010, 7219221090 and 7219229000.
Flat steel products excluded from the tariffs include hot-rolled coil and back plate products manufactured by hot-rolling stainless steel slabs. Certain products with a thickness of 8 mm or less and a width of less than 2,000 mm falling under HSK codes 7219221010, 7219221090 and 7219229000 were also excluded.
South Korea had also implemented provisional antidumping duties on hot-rolled steel plates from China in February.
The trade measures come amid South Korean plans to implement measures to shield its domestic steel industry from trade risks and unfair imports, as well as an ongoing probe into hot-rolled products of carbon steel or alloy steel from China and Japan.
Platts, part of S&P Global Commodity Insights, assessed SS400 12-25 mm thick plate at $488/mt CFR South Korea on March 26, up $3/mt week over week.
