South Korea delays measures to protect trade in the steel industry. The South Korean Trade Commission (KTC) recommended that the Ministry of Trade, Industry and Energy accepts an offer from nine Chinese steel companies, according to which they will increase export prices for hot frostbitten and alloy steel plates over the next five years within the framework of antidispion agents, according to media reports. This step follows the growing concern that the Chinese steel are caused by harm to the internal steel industry of South Korea, selling products at unscrupulous low prices.
according to KTC, nine companies, including Baoshan Iron & Steel Co. and Jiangsu Shaagang Steel Co. The percentage of up to 34.1 percent on HRC from China.
KTC also stated that it would be recommended that the Ministry of Economics and Finance over the next five years for other Chinese exporters have not submitted such proposals.
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