Korea to begin AD probe into Chinese, Japanese HRC imports

South Korea plans to begin a formal investigation of claims that carbon steel and alloy steel hot-rolled coils (HRCs) from Japan and China have been dumped, upholding a complaint lodged by the country's second-largest steel company, Hyundai Steel, last December that maintained its business was being "materially injured by unfair trading practices" of the two countries' low-priced HRC exports, as Mysteel Global had reported.

The probe will be launched by the Korea Trade Commission (KTC), under South Korea's Ministry of Trade, Industry & Energy (MOTIE), after the publication of relevant information in the official gazette on March 4, according to news widely reported in the Korean media. HRC imports reached some 3.43 million