Taiwan to face new tariffs on steel exports to S. Korea

An import tariff of 9.47 to 18.56% to be recommended for Taiwan’s stainless steel bars

Taiwan News
Date: 2019/02/22
By: Duncan DeAeth, Taiwan News, Staff Writer

Steel slabs (By Wikimedia Commons

TAIPEI (Taiwan News) – The South Korean Trade Commission is preparing to impose new anti-dumping tariffs on Taiwanese steel bars, according to a report from Yonhap News Agency.

The Trade Commission is preparing to send an official request to South Korea’s Financial Minister for a tariff of between 9.47 and 18.56 percent on stainless steel bars from Taiwan for up to five years.

In addition to the Taiwanese steel products, Italian steel bars are also being targeted by the anti-dumping measure.

According to the report from Yonhap, Taiwanese bars have been imported at excessively low prices on the Korean market which has damaged the domestic steel industry.    [FULL  STORY]

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