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South Korea launches anti-dumping probe on Chinese galvanized low carbon steel wires-- The 19th China (Guangzhou) Int’l Plate metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
8/1/2017 plate metal expo-wire expo |
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Yonap reported that South Korea''s trade commission said Monday that it has decided to launch an official investigation into the alleged dumping of a steel product imported from China that has been cited for disrupting fair competition. The decision follows a formal complaint from four South Korean manufacturers.
Korea Trade Commission said in a press release "The petitioners claim there has been actual damage to the local industry, such as a drop in domestic sales of products made here, due to unfair undercutting of prices by Chinese galvanized low carbon steel wire.”
The investigation may last up to 10 months, including five months for a preliminary probe, upon which the KTC will decide whether to impose anti-dumping duties.
Galvanized low carbon steel wire is used for barbed wire fences and metal staples, with the China-made products accounting for 80 percent of the South Korean market worth KWR 100 billion last year.
-- The 19th China (Guangzhou) Int’l Plate
metal, Bar, Wire, Metal Processing &Setting Equipment Exhibition
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