Singapore’s primary Chinese language newspaper Lianhe Zaobao recently reported that the South Korean government has announced that it will launch an anti-dumping investigation into steel plate products originating from China. Hyundai Steel, a South Korean steel manufacturer, filed an anti-dumping complaint with the Ministry of Industry, saying that Chinese traders were exporting thick plates at extra low prices, causing the company to suffer losses. Thick plates are mainly used for shipbuilding or as construction materials. According to statistics from the Korea Iron and Steel Association, South Korea imported a total of 8.73 million tons of steel from China last year, a year-over-year increase of 29.2 percent. This year’s import volume is also growing rapidly. There was no official Chinese response to South Korea’s announcement as of press time.
Source: Lianhe Zaobao, October 4, 2024
https://www.zaobao.com.sg/news/china/story20241004-4940646