China may reduce anti-dumping rates on CR imports from Korea

China may reduce anti-dumping rates on CR imports from Korea

Chinese government is reported to be considering to lower anti-dumping duties implemented back in May ranging between 9-15% on cold rolled imports from Korea below 9%. According to reports from the industry China, which is currently discussing the issue, will decide on whether to reduce duties on subject imports from Korea or not, within a very short time depending on review results regarding the import duties. It is also declared that new duties for Korean imports is expected to range between 3-9% which will be accepted according to Korea Iron&Steel Association's statement.