South Korea imposes five-year AD duty on Chinese steel sheets

On November 24, the Ministry of Economy and Finance of the Republic of Korea issued Decree No. 1145 declaring anti-dumping duties on Chinese-made medium and thick sheets, as well as on hot-rolled alloy steel thick-rolled products for a period of five years. He stated that this measure followed a renewed investigation caused by the material damage that dumping of Chinese steel sheets caused to the South Korean industry.

The volume of products subject to anti-dumping duties is as follows: the thickness of Chinese-made medium and heavy sheets, as well as hot-rolled heavy alloy steel sheets, should be higher than 4.75mm, and the width should be higher than 600 mm, not in rolls or non-galvanized. The relevant HS codes include 7208.51.1000, 7208.51.9000, 7208.52.1000, 7208.52.9000, 7225.40.9010, 7225.40.9091 and 7225.40.9099.

. The following products manufactured according to ASME (American Society of Mechanical Engineers) specifications are excluded from this fee: SA516-70 (thickness greater than 134 mm), SA299 Grade B (thickness greater than 50 mm) and SA302 Grade B and Category C products.

Chinese steel producers will be subject to anti-dumping duties at rates of 27.91 percent, 29.62 percent, 32.32 percent and 34.1 percent, depending on the specific enterprises.

For special steels (specification EN 10025-6 S890Q, S960QL) and wear-resistant sheets (NM400, NM500) that simultaneously meet the technical requirements - thickness ≥ 120 mm, width ≥ 2600 mm, Brinell hardness HBW 370-550 and tensile strength ≥ 980 MPa, the applicable tariff rate is 0 percent.

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