Japan Initiates Anti-Dumping Investigation on Steel from China and South Korea | According to Steel Data
Japan has launched an anti-dumping investigation on certain steel products from China and South Korea, a move aimed at protecting domestic producers against a surge of imported alloys. This decision was made in April following requests from four major companies, including Nippon Steel and Kobe Steel.
Japan’s Ministry of Economy, Trade and Industry and Ministry of Finance announced that this investigation, expected to be completed within a year, will examine the flows of coils, sheets, and hot-dip galvanized strips.
Steel exports from China, the world’s largest producer, have increased this year due to a decline in domestic demand caused by a slump in China’s housing market. This has put significant pressure on prices and steel producers worldwide and, along with tariffs imposed by the U.S. government, has complicated the business environment.
The two Japanese ministries will provide an opportunity for Chinese and South Korean suppliers to submit their documents and evidence, and after review, a decision will be made on whether anti-dumping duties will be applied.
It should be noted that last month Japan launched a similar investigation into cold-rolled stainless steel coils, sheets, and strips with added nickel from China and Taiwan.
These investigations are part of Japan’s efforts to maintain the competitiveness of domestic steel producers and counter cheap and dumped steel imports from other countries.
