South Korea ponders deal offered by China's plate shippers

South Korea's fair trade adjudicator, the Korea Trade Commission (KTC) is recommending that the Ministry of Economy and Finance accept a proposal made by several Chinese exporters of heavy plates hit with Korean anti-dumping penalties that the duties be waived in return for minimum price and maximum tonnage commitments, Mysteel Global has learned.

News that nine targeted Chinese steelmakers including Baoshan Steel, Jiangsu Shagang Steel and Hunan Valin Xiangtan Steel had proposed a compromise to the KTC to escape duties emerged on August 28 when Korea's Ministry of Trade, Industry & Energy (MOCIE) – which oversees the KTC – confirmed it would