China Initiates Additional Anti-Dumping Investigations on Steel Products from Korea, Japan, and the EU
[Asia Economy Reporter Yujin Cho] On the 23rd, the Ministry of Commerce of China announced that it has initiated a new anti-dumping investigation on grain-oriented electrical steel (GOES) imported from Korea, Japan, and the European Union (EU).
This investigation follows the expiration of the five-year term of the anti-dumping duties imposed on July 23, 2016.
Through this investigation, the Chinese government authorities will decide whether to extend the anti-dumping duties for another five years. The investigation is expected to be completed before July 23 of next year.
Hot Picks Today
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "I'll Stop by Starbucks Tomorrow": People Power Chungbuk Committee and Geoje Mayoral Candidate Face Criticism for Alleged 5·18 Demeaning Remarks
- SungSook Han: “Linking Support for Small Business Owners During Suspension or Closure With Psychological Recovery Systems”
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Korean company POSCO was previously subject to a 37.3% anti-dumping duty five years ago, but avoided paying the duty by making a price commitment and raising export prices.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.