S. Korea to Launch Dumping Probe into Taiwan, Italian Stainless Steel Bars

Write : 2018-05-17 16:36:17 Update : 2018-05-17 17:15:03

S. Korea to Launch Dumping Probe into Taiwan, Italian Stainless Steel Bars

The nation's trade commission says it will open an anti-dumping investigation into stainless steel bar products imported from Taiwan and Italy.

According to the Korea Trade Commission on Thursday, local manufacturers, including Dongil Steel and SeAH Special Steel, requested the probe, claiming that the cheap imports from Taiwan and Italy were hurting the domestic industry.

The commission will look into whether companies from the two countries sold their products below fair market value and caused serious damage to the domestic industry.

Stainless steel bars are widely used in auto parts and building materials, and the value of the domestic market is estimated to be around 340 billion won as of 2016.

Korean products make up for about 56 percent of the total market share, compared to imports from Taiwan and Italy, which together took up about 17 percent as of 2016.





[Photo : YONHAP News]

  • RSS
  • Facebook
  • Twitter
  • print
  • list
  • Top
prev  prev  1 2 3 4 5 6 7 8 9 10 next
Internet Radio On-Air Window to KBS WORLD Radio Window to KOREA
2018 Inter-Korean Summit
North Korea Inside
청취자 만족도 조사 결과 -E
Let's Learn Korean (Mobile)
More Service
Podcasts
  • Podcasts
  • You can download KBS World Radio News in eleven languages through Podcast KBS Radio Tune

<

4 / 4

>