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South Korea imposes anti dumping duty on Chinese galvanized steel wires


On 21st December 2017, the Korea Trade Commission made a positive anti-dumping ruling on Galvanized Low Carbon Steel Wires imported from China, proposing to levy provisional anti-dumping duties ranging from 4.43% to 15.71% on those involved in the business. The Trade Commission is expected to make final ruling on the anti-dumping on April 10th, 2018.

The AD investigation was initiated on August 1st, 2017, the tax code for the products involved were 7217.20.0000 and 7229.90.9090. The dumping investigation period was from January 1 to December 31st, 2016, and the damage investigation period from January 1st, 2013 to December 31st, 2016. According to the statistics in 2016, China's galvanized steel wire accounted for 70% market share in Republic of Korea.

Source : Strategic Research Institute, SteelGuru