Posted on 28 Apr 2025
South Korea's Ministry of Economy and Finance has officially announced the imposition of preliminary anti-dumping (AD) duties on steel plates originating from China, according to the ministry's release on April 24.
The duties range from 27.91% to 38.02% for China-origin hot-rolled carbon or other alloy steel plate with no less than 4.75 mm in thickness and no less than 600 mm in width. The duties will be valid for four months until August 23, 2025.
The targeted products come under the Harmonized Tariff Schedule of Korea codes: 7208.51.1000, 7208.51.9000, 7208.52.1000, 7208.52.9000, 7225.40.9010, 7225.40.9091, and 7225.40.9099, according to the release.
Targeted Chinese steelmakers/exporters | Provisional |
Baoshan Iron & Steel Co., Ltd. and its affiliates and exporters | 27.91% |
Jiangsu Shagang Steel Co., Ltd. and its affiliates and exporters | 29.62% |
Hunan Valin Xiangtan Iron and Steel Co., Ltd. and its affiliates and exporters | 38.02% |
Sino Commodities International Pte. Ltd. and its affiliates | 38.02% |
Xiamen ITG AI Cloud Solutions Co., Ltd. and its affiliates | 38.02% |
Others | 31.69% |
Source: South Korea's Ministry of Economy and Finance
China-origin steel plates exported by China to South Korea are mainly used in the shipbuilding sector, such as ship plates, and for tool and mould steel. While Chinese suppliers face higher duties, production costs of South Korean shipbuilders may increase, market sources noted.
South Korea launched this AD investigation in early October 2024 in response to a petition filed by Hyundai Steel last July. Later in late February of this year, the Korea Trade Commission found that imports of Chinese heavy plates had caused damage to domestic steel producers, recommending that the government impose AD duties of as much as 38.02%, as Mysteel Global reported.
Source:Mysteel Global
