The Ministry of Economics, Trade and Industry of Japan (METI) announced that together with the Ministry of Finance, they initiated an investigation of anti-dumping duty (AD) on rolls, sheets and stripes made of hot Korea and China. petitions filed by local manufacturers Nippon Steel Corporation, Nippon Steel Coated Sheet Corporation, Kobe Steel and Yodogawa Steel Works, LTD, claiming that this product from South Korea and China was sold at dumping prices that led to material damage to the domestic industry and reducing the operating profit of these companies.
according to data published by METI, from April 2021 to September 2024, the volume of imports from South Korea and China increased by 75.7 percent before 358 093 tons and by 26.5 percent up to 304 657 tons, respectively, which indicates that foreign suppliers increased their market share in Japan.
The investigation is planned to be completed within one year.
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