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On February 28, 2025, the South Korean Ministry of Trade, Industry and Energy (MOTIE) decided to initiate an anti-dumping investigation into HRC imported from China and Japan. This decision was made based on a petition from domestic steel mills.For more information about the incident, follow the article below by AG真人游戏 Group.Steel imports from China and Japan are under investigationDetails of the incidentPlaintiff: Hyundai Steel Co., LtdDefendant: Japan: JFE Shoji Corporation, Nippon Steel Trading Corporation, Sumitomo Corporation Global Metals Co., Ltd., Dongkuk Corporation, Seah Japan Co,. Ltd, Young Steel Co,.Ltd.China: Benxi Iron and Steel Group International Economic and Trading Co,. Ltd., Dalian Woo Ho Hongkong International Ltd., Howa Trading Co,. Ltd., Sharpmap International Hongkong Co,. Lt膽, and Sino Commodities International Pte,. Ltd.Items under investigation: Hot-rolled coilHS code: The products in question fall under the Harmonized Tariff Schedule of Korea numbers HSK: 7208101000, 7208109000, 7208251000, 7208259000, 7208261000, 7208269000, 7208271000, 7208279000, 7208361000, 7208369000, 7208371000, 7208379000, 7208381000, 7208389000, 7208391000, 7208399000, 7208400000, 7208531000, 7208539000, 7208541000, 7208549000, 7208900000, 7211130000, 7211141000, 7211149000, 7211191000, 7211199000, 7225301000, 7225309010, 7225309091, 7225309092, 7225401000, 7225309099, 7225409092, 7226200000, 7226911000, 7226912000 v脿 7226919000.The plaintiff in the case is Hyundai Steel Co,.LtdWhy does Korea impose tariffs on Japan and China? South Korea decided to investigate and possibly impose anti-dumping duties on HRC imported from Japan and China for the following main reasons:Dumping damages the domestic steel industryIn the petition, Hyundai Steel claimed that hot-rolled coil from Japan and China was priced 10-30% lower than the prices of Hyundai Steel's and POSCO's own products. This puts pressure on prices and profits at domestic manufacturing enterprises.Protect domestic industryThe steel industry is a strategic industry in Korea, contributing greatly to the economy and employment. Importing cheap steel in large quantities could make domestic producers unable to compete, leading to a decline in production. Specifically, according to information from the Korea Steel Association, from January 2024 to November 2024, Korea imported 3.43 million tons HRC, of which China was 1.53 million tons and Japan was 1.77 million tons, accounting for a total of 96.2% of total imports.Increased inventory and decreased profitsCheap steel from China and Japan is flooding the Korean market, causing domestic inventories to rise. This reduces revenue and forces businesses to reduce prices, directly affecting profit margin.Korea's steel industry is under threatWhat opportunities are there for Vietnam's steel industry?South Korea's investigation and the possible imposition of anti-dumping duties on HRC from Japan and China could open up many opportunities for the Vietnam steel industry.Increase steel exports to South KoreaIf anti-dumping duties are imposed, steel from China and Japan will become pricier in South Korea. This is an opportunity for Vietnamese steel enterprises to increase exports to this market with more competitive price advantages. Steel products that can be concentrated include hot-rolled coil, cold rolled coil, and galvanized steel coil.Expanding market share in Southeast AsiaChina may increase exports to Southeast Asian nations as a result of restrictions in South Korea. If Vietnam maintains and expands trade defense measures such as the recently applied anti-dumping duty, domestic enterprises can gain an advantage at home and in the region.Vietnam may increase exports to South Korea as China and Japan face tariffsOpportunities to increase domestic supply chainsIf it reduces its dependence on imported steel, the Vietnam steel industry can expand its domestic supply chain, from raw materials to finished products. This trait also helps reduce the risk of trade defense measures from abroad.Vietnam can take advantage of opportunities to boost exports hot-rolled coil to the Korean market. However, it also comes with significant challenges:Price competition: This is not only an opportunity for Vietnam but also for other countries in the region. Countries with low production costs will have a more competitive price advantage.Quality requirements: Korea and developed countries require high-quality standards, requiring Vietnam to invest more heavily in production technology.Sources of raw materials: Vietnam's steel production still relies heavily on imported materials, which puts pressure on costs.The article on AG真人游戏 Group has provided you with the latest information about the case of Korea conducting an anti-dumping duty investigation against China and Japan. Stay tuned to AG真人游戏 for the latest updates on the incident.

Recently, South Korea has officially imposed anti-dumping duty on steel plates imported from China. This choice was made in light of China's low-cost steel, which severely strained the domestic steel mills and compelled the government of South Korea to take action to safeguard indigenous companies.To know more about the incident, please follow AG真人游戏 Group through the article below.South Korea has officially imposed anti-dumping duty on steel platesReasons for South Korea's anti-dumping duty on China steel platesRecently, China has boosted steel plates exports at low prices, causing many countries to worry about the risk of dumping. In addition to causing significant pressure on Korean steel mills, the result also upsets the market and fosters an unfair competitive environment.Following an examination, the South Korean government came to the conclusion that the domestic steel industry was suffering greatly as a result of steel plates imported from China being sold for less than its true value. Therefore, the country has decided to impose an anti-dumping duty to limit negative impacts and protect domestic enterprises. Chinese steel plates is being dumped in the Korean marketAnti-dumping duty on Chinese steel platesBased on a report from the Korea International Trade Association, anti-dumping duty will be applied to each Chinese enterprise depending on the level of violation. Specifically:China Baowu Steel Group: 27.91%Shagang Group: 29.62%Hunan Valin Xiangtan Iron & Steel and Xiamen ITG Holding: 38.02%Others: 31.69%According to the findings of a preliminary inquiry, there were "sufficient grounds" to infer that dumped imports had seriously harmed the domestic industry, according to The Ministry of Trade, Industry & Energy. Steel mills with serious violations may be subject to higher taxes to minimize negative impacts on the Korean steel industry.An anti-dumping duty will be applied to each enterpriseForecasting steel market trends in the coming timeThe imposition of anti-dumping duty on steel plates from China may help maintain stability in steel prices in the Korean market, but at the same time it will affect supply. A significant step in assisting South Korea in shielding its domestic industry from the pressures of cheap steel is the decision to put anti-dumping tariffs on China steel plates. But this action also poses serious problems for the world steel market, requiring companies to swiftly modify their plans in order to respond to changes in global commerce.The steel industry in China has challengesWhere is the opportunity for Vietnam's steel industry?South Korea's imposition of anti-dumping duty on China steel plates could create many opportunities for Vietnam's steel industry, including:Expanding export market share to KoreaMany Vietnam steel mills are seizing the chance to increase their market share in this industry as a result of South Korea's high tariffs on China steel plates. Vietnam steel can boost exports to South Korea with tariff benefits from trade agreements and product quality.Improve competitivenessVietnamese enterprises can upgrade production technology to improve steel quality to meet Korean standards. Expanding capacity and diversifying products will help reduce dependence on supplies from China, creating a sustainable competitive advantage.Opportunities for collaboration and investment attractivenessKorean steel mills can cooperate with Vietnam partners to maintain stable supply while expanding investment opportunities. Vietnam also has the potential to attract FDI from international steel mills wanting to build manufacturing plants to mitigate the impact of trade barriers.Stabilize selling prices and reduce competitive pressureReducing imports of cheap steel from China helps reduce fierce competition in the regional steel market. Vietnamese enterprises can adjust their selling prices more reasonably and are not under competitive pressure from Chinese steel.Vietnam must take advantage of Korea's anti-dumping of China steel platesProtectionist trade trends may bring long-term advantagesIf many other countries also apply similar measures as Korea, Vietnam's steel industry can benefit when exporting to markets apart from Korea. This is an opportunity for Vietnam to build its own steel brand, creating a sustainable competitive position in the international market.However, to take advantage of these opportunities, Vietnamese enterprises need to improve product quality, optimize production costs, and ensure compliance with international standards.The above article has provided you with the latest information on South Korea's imposition of anti-dumping duty on Chinese steel products, as well as the impact of this policy on the regional steel market and opportunities for Vietnam steel mills. Follow AG真人游戏 Group on a regular basis to stay up to date on global steel market news.

Malaysia has imposed definitive anti-dumping duties on Japanese cold-rolled steel coils after the Ministry of Investment, Trade and Industry (MITI) concluded its investigation earlier this year. At the same time, Malaysia also announced the end of trade defense measures on cold rolled steel imported from Vietnam.1. Malaysia: Anti-dumping investigation on Japanese cold rolled steelAccording to MITI's report, Malaysia's steel plate demand in 2022 reached 3.5 million tons, down 5.4% compared to the previous year. In the same year, import and export of steel plates both decreased by about 6-7% compared to 2021. Meanwhile, Malaysian cold-rolled steel prices remained highly competitive due to the massive import of cheap steel from abroad.This posed a significant threat to the development and business operations of domestic factories. Therefore, the Malaysian government is forced to take trade defense measures to protect the domestic market to a certain extent.On January 31, 2023, the authorities conducted an AD investigation on cold-rolled coils of iron or non-alloy steel with a width above 1300mm from Japan. The affected products are classified under the following HS code groups: 7209.15.00 00, 7209.16.10 00, 7209.16.90 00, 7209.17.10 00, 7209.17.90 00, 7209.18.99 00, 7209.25.00 00, 720 9.26. 10 00, 7209.26.90 00, 7209.27.10 00, 7209.27.90 00, 7209.28.90 00, 7209.90.90 00, 7211.23.20 00, 7211.23.90 00, 7211.29.2 0 00, 7211.29.90 00, 7211.90. 11 00, 7211.90.12 00, 7225.50.90 00, 7225.99.90 00, 7226.92.10 00 and 7226.92.90 00.2. Malaysia: Applying anti-dumping duty on Japanese cold rolling millsOn September 29, 2023, Malaysia imposed anti-dumping duties on Japanese cold-rolled coils of iron or non-alloy steel with thickness of 0.2-2.6mm and width of 700-1300m after completing the investigation. Accordingly, the Malaysian government has imposed a duty rate of 9.03% on Nippon Steel Corporation and 22.62% on other manufacturers, effective until September 28, 2028. However, due to the benefits of black plate and cold-rolled steel coils for the automobile, electronics industries are so great, Malaysia has excluded AD for these products.3. Malaysia: Ending anti-dumping measures on Vietnam's cold-rolled steelAccording to the Trade Defense Department, on March 21, 2019, MITI initiated an investigation of cold-rolled coils of iron or non-alloy steel with a width above 1300mm imported from Japan, Korea, China and Vietnam.By December 17, 2019, the government had applied definitive anti-dumping duty rates as follows: China 4.76% - 26.38% of the CIF value, Japan 26.39% of the CIF value, Korea 7.7% or 20.13% of the CIF value. This rate is effective for 5 years, from December 25, 2019 to December 24, 2024.In addition, other products from Vietnam and Korea are also under investigation including alloy/non-alloy cold rolled steel coils with thicknesses 0.2 - 2.6mm and widths 700 - 1300mm. The case has undergone many sunset reviews and received a decision to continue imposing anti-dumping duty, effective until October 8, 2026 at a rate of 0 - 21.64% for Korea and 7.42 - 33.7% for Vietnam. However, under the petition efforts of the Vietnamese government, MITI founded that Vietnam did not violate export conditions, the dumping margin was less than 2% of the export price. Therefore, Malaysia ended anti-dumping measures on the above products. In conclusion, Malaysian importers continue to enjoy preferential duty rates and cheap, quality steel sources from Vietnam.Vietnam is proud to be one of Malaysia's largest steel exporters with 653.7 million USD of iron and steel of all kinds and 48.1 million USD of steel products in 2022. Additionally, Vietnam and Malaysia are both members of the Association of Southeast Asian Nations (ASEAN) and ASEAN Free Trade Area (AFTA). There are many favorable opportunities for increased trade and two-way economic cooperation. If customers have any questions about the latest policies and procedures for importing Vietnamese steel, please contact AG真人游戏 Steel via Email [email protected] for the most thoughtful support.