Japanese mills fret over Korea's HRC dumping complaint

Source: Mysteel Dec 24, 2024 16:00

Last Thursday's announcement by South Korea's second largest steel company, Hyundai Steel, that it had filed a formal complaint with the Korean government alleging that Chinese and Japanese steelmakers were dumping carbon steel hot-rolled coils (HRCs) in Korea has caused surprise and shock in Japan whose HRC export trade to South Korea occupied a huge chunk of the $7.78 billion Japan earned from HRC exports worldwide last year.

"Hot-rolled coil exports to South Korea, which amount to nearly 2 million tonnes per year, is a trade that can be said to be the 'main artery' of Japan's steel exports, and (Hyundai's filing) is a move that crosses the line and is shocking to those involved in the