It has been found that the Ministry of Strategy and Finance of South Korea decided, on February 13, to impose preliminary anti-dumping tariffs of 4.43% to 15.71% on zinc-coated steel wires imported from China.
Earlier, on December 21 last year, the Korea Trade Commission held a meeting and recommended the preliminary anti-dumping tariffs to the ministry. The purpose of a preliminary anti-dumping tariff is to prevent damage that occurs during an investigation period preceding the imposition of a final tariff.
Four South Korean companies, including Hankuk Steel Wire, applied for an anti-dumping investigation before the ministry made the decision. The preliminary tariffs are valid until June 13 this year. Whether to impose a final tariff is scheduled to be determined in the first half of this year.
The Original Posted by Jung Suk-yee/Business Korea