China Materials_ Korea Imposes 28-38% Tariff on Chinese Steel Plates
2025-02-25 02:06
February 21, 2025 01:39 AM GMT China Materials | Asia Pacific Morgan Stanley Asia Limited+ Korea Imposes 28-38% Tariff on Chinese Steel Plates What's new: On Feb 20, Korea's Ministry of Trade, Industry and Energy (MOTIE) announced preliminary anti dumping duties of 27.91%-38.02% on steel plates imported from China. Our view: We think the tariff on steel plate alone is not material, as steel plates exports (~1.47mnt in 2024) to Korea make up only ~1.3% of total China steel exports. Meanwhile, Korea is an imp ...