|
|
| |
|
|
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 |
--------------------------------------------------------------------------------------------------------------- |
|
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
|
|
|
|
|
