{"id":2205905,"date":"2024-07-25T08:00:57","date_gmt":"2024-07-24T23:00:57","guid":{"rendered":"https:\/\/koreapro.org\/?p=2205905"},"modified":"2024-07-24T16:17:19","modified_gmt":"2024-07-24T07:17:19","slug":"south-korea-probes-stainless-steel-dumping-amid-industry-pressure","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/","title":{"rendered":"South Korea probes stainless steel dumping amid industry pressure"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea\u2019s trade commission held <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/169348\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=#\"><span style=\"font-weight: 400;\">public hearings<\/span><\/a><span style=\"font-weight: 400;\"> on Wednesday regarding an anti-dumping investigation into stainless steel products from China, Indonesia, Taiwan and Vietnam. The probe, requested by steelmaker POSCO, covers flat-rolled stainless steel from the first three countries and cold-rolled stainless steel from Vietnam.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a separate meeting, the commission also investigated alleged patent and design infringements involving a pneumococcal vaccine, hair dryer curling heads and lithium batteries.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korean steelmakers face intense pressure from low-priced Chinese imports as a <\/span><a href=\"https:\/\/edition.cnn.com\/2024\/05\/21\/economy\/china-property-crisis-stimulus-challenges-intl-hnk\/index.html\"><span style=\"font-weight: 400;\">property market downturn in China<\/span><\/a><span style=\"font-weight: 400;\"> pushes its steel companies to increase exports. The trade commission\u2019s Wednesday hearings on stainless steel products from China, Indonesia, Taiwan and Vietnam parallel the trade ministry\u2019s <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/164388\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=%EC%8A%A4%ED%85%8C%EC%9D%B8%EB%A6%AC%EC%8A%A4%EA%B0%95#\"><span style=\"font-weight: 400;\">2021 investigation<\/span><\/a><span style=\"font-weight: 400;\">, which led to duties of 7.17% to 25.82% on stainless steel imports from the first three countries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The move comes as South Korea\u2019s anti-dumping duties on stainless-steel bars from Japan, India and Spain <\/span><a href=\"https:\/\/koreapro.org\/2024\/01\/why-south-korea-dropping-anti-dumping-measures-reflects-its-changing-priorities\/\"><span style=\"font-weight: 400;\">expired<\/span><\/a><span style=\"font-weight: 400;\"> on Jan. 22. As the government weighs the need to protect domestic producers against the desire to focus on <\/span><a href=\"https:\/\/www.motie.go.kr\/kor\/article\/ATCL3f49a5a8c\/169149\/view?mno=&amp;pageIndex=1&amp;rowPageC=0&amp;displayAuthor=&amp;searchCategory=0&amp;schClear=on&amp;startDtD=&amp;endDtD=&amp;searchCondition=1&amp;searchKeyword=%EB%B0%98%EB%8F%84%EC%B2%B4\"><span style=\"font-weight: 400;\">exporting advanced technologies<\/span><\/a><span style=\"font-weight: 400;\">, the outcome will likely have significant implications for South Korea\u2019s steel industry and its regional trade relationships.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s trade commission held public hearings on Wednesday regarding an anti-dumping investigation into stainless steel products from China, Indonesia, Taiwan and Vietnam. The probe, requested by steelmaker POSCO, covers flat-rolled stainless steel from the first three countries and cold-rolled stainless steel from Vietnam. In a separate meeting, the commission also investigated alleged patent and [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2205906,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24],"class_list":["post-2205905","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea probes stainless steel dumping amid industry pressure - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea probes stainless steel dumping amid industry pressure - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s trade commission held public hearings on Wednesday regarding an anti-dumping investigation into stainless steel products from China, Indonesia, Taiwan and Vietnam. The probe, requested by steelmaker POSCO, covers flat-rolled stainless steel from the first three countries and cold-rolled stainless steel from Vietnam. In a separate meeting, the commission also investigated alleged patent and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/\" \/>\n<meta property=\"og:site_name\" content=\"KOREA PRO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-24T23:00:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-24T07:17:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/koreapro.org\/wp-content\/uploads\/sites\/6\/2024\/07\/eb-17.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/b9766dba611638edc06a6e0b7078714d\"},\"headline\":\"South Korea probes stainless steel dumping amid industry pressure\",\"datePublished\":\"2024-07-24T23:00:57+00:00\",\"dateModified\":\"2024-07-24T07:17:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/07\/eb-17.png\",\"keywords\":[\"Business &amp; Economy\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/\",\"url\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/\",\"name\":\"South Korea probes stainless steel dumping amid industry pressure - KOREA PRO\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/07\/eb-17.png\",\"datePublished\":\"2024-07-24T23:00:57+00:00\",\"dateModified\":\"2024-07-24T07:17:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/07\/eb-17.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2024\/07\/eb-17.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2024\/07\/south-korea-probes-stainless-steel-dumping-amid-industry-pressure\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"South Korea probes stainless steel dumping amid industry pressure\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"KOREA PRO\",\"description\":\"Be smart about South Korea. 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