Japan, South Korea Target Chinese Steel Imports

Japan and South Korea are intensifying their anti-dumping measures against Chinese steel products, driven by concerns over the impact of cheap imports on their domestic markets. South Korea has launched an investigation into stainless steel plates from China, prompted by complaints from local company DKC, which alleges these products are being sold below fair market value. The South Korean Ministry of Trade estimates a dumping rate of 6.32% for the implicated Chinese companies. Meanwhile, Japan aims to expand its anti-dumping duties to cover Chinese steel and products routed through third countries, with plans to seek tariff revisions soon. This wave of protective measures follows similar actions from the US and several South American countries earlier this year against Chinese steel imports. The broader international backlash against Chinese commodities reflects ongoing concerns about non-market practices and overproduction in China’s manufacturing sector.