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Taiwan to face new tariffs on stainless steel bar exports to South Korea

South Korean Trade Commission is preparing to impose new anti-dumping tariffs on Taiwanese steel bars. 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% 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.

Source : TAIWAN NEWS

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