The decision, announced by the KTC under the Ministry of Trade, Industry and Energy on Thursday, comes in response to a formal complaint filed in June 2024 by South Korean steelmaker DKC. The company accused Chinese manufacturers of flooding the market with underpriced steel.
The proposed tariffs target stainless steel plates over 4.75mm thick and wider than 600mm - materials essential for industries like shipbuilding and industrial equipment manufacturing.
Chinese steel imports surged to 8.77 million tons in 2024, marking their highest level since 2017, according to the Korea Iron & Steel Association.
The KTC's recommendation has been forwarded to the Ministry of Finance for review and potential implementation.
Kim Dong-young
Kim Dong-young is a bilingual journalist at AJU Press (AJP), covering Korean tech, energy, and bio/pharma.
He reports from the field at events like CES and APEC, runs AJP's YouTube channels,
and is pursuing a master's at Sogang's MOT program.
Copyright ⓒ Aju Press All rights reserved.
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