Hyundai Steel Files Anti-Dumping Complaint on Hot-Rolled Steel Sheets Following Heavy Plates

Hyundai Steel has filed an anti-dumping complaint not only on thick plates but also on hot-rolled steel sheets.

On the 19th, Hyundai Steel applied to the Ministry of Trade, Industry and Energy for an anti-dumping complaint against imported hot-rolled steel sheets. Hot-rolled steel sheets are semi-finished steel plates made by rolling molten steel thinly. It has been confirmed that the targets include hot-rolled steel sheets from China and Japan.

The industry explained that the anti-dumping complaint was inevitable as low-priced imported products flooded the domestic market. According to the Korea Iron & Steel Association, the cumulative import volume of hot-rolled steel sheets from January to November this year is close to approximately 3.427 million tons. Of this, China accounts for about 1.53 million tons, and Japan 1.77 million tons, making up 96% of the total volume.

In particular, hot-rolled steel sheets are processed further into automotive steel sheets, steel pipes, construction materials, and are used across various industries. The volume offensive of Chinese and Japanese products priced up to 30% lower than domestic products inevitably deals a heavy blow to the domestic industry.

Hyundai Steel stated during the Q3 earnings conference call in October, “We are currently verifying the facts regarding the seriousness of industrial damage not only for thick plate products but also for hot-rolled steel sheets, and are actively considering filing an anti-dumping complaint.”

A Hyundai Steel official said, "The purpose of the anti-dumping complaint is to normalize the steel market, which has collapsed due to the increase in imports of low-priced imported steel products."

Previously, Hyundai Steel filed an anti-dumping complaint with the Ministry of Trade, Industry and Energy regarding Chinese thick plates. The ministry accepted this and launched an industrial damage investigation in October, and plans to decide on the imposition of provisional anti-dumping duties through a preliminary ruling as early as January next year.

This content was produced with the assistance of AI translation services.