The South Korea Trade Commission (KTC) has recommended imposing provisional antidumping duties on hot rolled coil from China and Japan, following an investigation launched in March this year based on a petition filed by Hyundai Steel. Hyundai Steel alleged that the given products from China and Japan were sold at dumped prices, damaging the local industry.
The recommended provisional antidumping duty rates are at 31.58 percent, 32.75 percent and 33.57 percent for Japanese companies, while at 28.16 percent, 29.89 percent and 33.10 percent for Chinese companies.
The products in question fall under the Harmonized Tariff Schedule of Korea (HSK) numbers 7208.10.1000, 7208.10.9000, and 7208.25.1000.