Chinese venture targeted in South Korean CR stainless AD case

South Korea has imposed anti-dumping duties of 11.37%-18.81% on imports of cold-rolled stainless steel sheet from Vietnam, Korea's Ministry of Economy and Finance (MOEF) announced via its government gazette on July 11. The duties, to be in place for five years, became effective the same day, Mysteel Global has learned.

The announcement formalizes a case that began in May last year when Korean stainless giant POSCO lodged a petition with the Korea Trade Commission (KTC) claiming the surge in Vietnam-origin stainless CR had damaged its business. In its petition, POSCO Holdings claimed that Vietnam's exports of stainless steel to South