UPDATE: South Korea to officially slap ADs on HRC imports from China, Japan

Draft rules prepared by South Korea’s Ministry of Finance and Economy for imposing anti-dumping duties on Chinese and Japanese hot-rolled steel sheets were announced in the official gazette on Tuesday, bringing the settlement of the case that has dragged on for several years closer to a conclusion.

The legislative notice stage involves disclosing the ministry's draft imposition rules to the market before the final announcement and the gathering opinions from stakeholders, the deadline for submission being June 15. The investigation into alleged dumping of HRC by steelmakers and traders in the two countries was launched by the