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Anti-dumping duties on stainless steel bars terminate after 2 decades of imposition
  • Registration date2024-01-22
  • Attached file

The Korea Trade Commission under the Ministry of Trade, Industry and Energy (MOTIE) announced on January 21 that the imposition of anti-dumping duties on Japanese, Indian and Spanish stainless steel bars initiated since July 30, 2004, is to end on January 22, 2024, as SeAH Changwon Integrated Special Steel and other domestic producers have not requested for review.

Moreover, as domestic producers have likewise not asked for a review on Taiwanese and Italian stainless steel bars, on which anti-dumping duties have been imposed since May 16, 2019, the imposition is to end on May 16, 2024.

The import of stainless steel bars into Korea from the abovementioned countries have steeply declined as a result of the anti-dumping duties imposed thus far, and it is assessed that the domestic industry’s competitiveness has been on a recovery track owing to internal and other efforts.