South Korea Continues to Impose Anti-dumping Measures on Stainless Steel Sheets and Coils Involving China [SMM Focus]

Published: May 22, 2025 15:37
[SMM Focus: South Korea Continues to Impose Anti-Dumping Measures on Stainless Steel Plate and Coil from China] On May 16, 2025, the Ministry of Strategy and Finance of South Korea issued Order No. 1126, continuing to impose anti-dumping duties for a period of five years on flat-rolled products of stainless steel with a thickness not exceeding 8 millimeters originating from the Chinese mainland, Indonesia, and Taiwan, China (see Appendix I for details). The anti-dumping duty rates for the Chinese mainland range from 23.69% to 25.82%. Meanwhile, the Ministry of Strategy and Finance reached price undertakings with some suppliers (see Appendix II for the list of suppliers), and anti-dumping duties will not be imposed on suppliers that fulfill their price undertakings.

South Korea Continues to Impose Anti-Dumping Measures on Stainless Steel Sheet and Coil from China

         On May 16, 2025, the Ministry of Strategy and Finance of South Korea issued Order No. 1126, continuing to impose anti-dumping duties for a period of five years on flat-rolled products of stainless steel with a thickness not exceeding 8 millimeters originating from the Chinese mainland, Indonesia, and Taiwan, China (see Appendix I for details). The duty rates for the Chinese mainland range from 23.69% to 25.82%. Meanwhile, the Ministry of Strategy and Finance reached price undertakings with certain suppliers (see Appendix II for the list of suppliers). Anti-dumping duties will not be imposed on suppliers that fulfill their price undertakings. This case involves products under the following South Korean tariff codes: 7219.12.1010, 7219.12.1090, 7219.12.9000, 7219.13.1010, 7219.13.1090, 7219.13.9000, 7219.14.1010, 7219.14.1090, 7219.14.9000, 7219.22.1010, 7219.22.1090, 7219.22.9000, 7219.23.1010, 7219.23.1090, 7219.23.9000, 7219.24.1010, 7219.24.1090, 7219.24.9000, 7219.31.1010, 7219.31.1090, 7219.31.9000, 7219.32.1010, 7219.32.1090, 7219.32.9000, 7219.33.1010, 7219.33.1090, 7219.33.9000, 7219.34.1010, 7219.34.1090, 7219.34.9000, 7219.35.1010, 7219.35.1090, 7219.35.9000, 7219.90.1010, 7219.90.1090, 7219.90.9000, 7220.11.1010, 7220.11.1090, 7220.11.9000, 7220.12.1010, 7220.12.1090, 7220.12.9000, 7220.20.1010, 7220.20.1090, 7220.20.9000, 7220.90.1010, 7220.90.1090, and 7220.90.9000. However, the above anti-dumping measures do not apply to certain products (see the original announcement for details).

        On September 25, 2020, South Korea initiated an anti-dumping investigation into stainless steel sheet and coil originating from the Chinese mainland, Indonesia, and Taiwan, China. Pursuant to Order No. 865 of the Ministry of Strategy and Finance of South Korea, South Korea imposed anti-dumping duties for a period of three years on the products in question from the aforementioned countries/regions starting from September 15, 2021, with duty rates for the Chinese mainland ranging from 23.69% to 25.82%. Meanwhile, anti-dumping duties were not imposed on enterprises that reached price undertakings. On May 17, 2024, South Korea initiated the first sunset review investigation into anti-dumping measures on stainless steel sheet and coil from the Chinese mainland, Indonesia, and Taiwan, China. On February 20, 2025, the South Korean Trade Commission issued its final ruling in the first sunset review of this case.

Appendix I: Table of Anti-Dumping Duties Imposed in the First Sunset Review Final Ruling on Stainless Steel Sheet and Coil from China

Countries/Regions Involved English Names of Importers/Exporters Reference Chinese Names of Importers/Exporters Anti-Dumping Duties
Chinese Mainland 1. Shanxi Taigang Stainless Steel Co., Ltd. and its affiliated enterprises Shanxi Taigang Stainless Steel Co., Ltd.

- Shanxi Taigang Stainless Steel Precision Strip Co., Ltd.
23.69%
- Tianjin Taigang & TPCO Stainless Steel Co., Ltd.
- Shanxi Taigang Stainless Steel Precision Strip Co., Ltd.
2. Angang Lianzhong Stainless Steel Corporation Angang Lianzhong (Guangzhou) Stainless Steel Co., Ltd. 25.82%
3. Other importers/exporters   24.83%
Indonesia 4. PT Indonesia Tsingshan Stainless Steel and its affiliates

25.82%
- PT Indonesia Guang Ching Nickel and Stainless Steel Industry
- PT Indonesia Ruipu Nickel and Chrome Alloy
5. Other importers/exporters   25.82%
Taiwan, China 6. Yieh United Steel Corporation and its affiliates

9.47%
- Yieh Mau Corp.
- Tang Eng Iron Works Co., Ltd.
7. Walsin Lihwa Corporation   7.17%
8. Other importers/exporters   9.07%

Appendix 2: List of suppliers of price undertakings in the final ruling of the first sunset review of anti-dumping measures against stainless steel sheet and coil imported from China by the Republic of Korea

Countries/regions involved English names of importers/exporters Reference Chinese names of importers/exporters
Mainland China 1. Shanxi Taigang Stainless Steel Co., Ltd. and its affiliates Shanxi Taigang Stainless Steel Co., Ltd.
- TISCO Stainless Steel (H.K.) Limited  - TISCO Stainless Steel (Hong Kong) Limited
- TISCO Trading (H.K.) LTD. - TISCO Import & Export (Hong Kong) Co., Ltd.
- Shanxi Taigang Bonded & Comprehensive Service Co., LTD. - Shanxi Taigang Bonded & Comprehensive Service Co., Ltd.
2. Angang Lianzhong Stainless Steel Corporation Angang Lianzhong (Guangzhou) Stainless Steel Co., Ltd.
Indonesia 3. PT Indonesia Tsingshan Stainless Steel and its affiliates
——
——
——
——
-PT Indonesia Guang Ching Nickel and Stainless Steel Industry
-PT Indonesia Ruipu Nickel and Chrome Alloy
-Eternal Tsingshan Group Limited
-Golden Harbour International PTE. Ltd.
Taiwan, China 4. Yieh United Steel Corporation and its affiliated enterprises ——
——
——
——
-Yieh Mau Corp.
-Tang Eng Iron Works Co., Ltd.
-Yieh Corporation Limited
5. Walsin Lihwa Corporation ——

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
[SMM Analysis] Rigid Demand Remained Steady During the Peak March Season, Stainless Steel Inventory Edged Up Slightly While Destocking Pressure Persisted
Mar 26, 2026 17:36
[SMM Analysis] Rigid Demand Remained Steady During the Peak March Season, Stainless Steel Inventory Edged Up Slightly While Destocking Pressure Persisted
Read More
[SMM Analysis] Rigid Demand Remained Steady During the Peak March Season, Stainless Steel Inventory Edged Up Slightly While Destocking Pressure Persisted
[SMM Analysis] Rigid Demand Remained Steady During the Peak March Season, Stainless Steel Inventory Edged Up Slightly While Destocking Pressure Persisted
Mar 26, 2026 17:36
[SMM Stainless Steel Daily Review] News-Driven Disturbances Pushed SS Futures Higher, While Confidence in the Stainless Steel Spot Market Gradually Recovered
Mar 24, 2026 14:24
[SMM Stainless Steel Daily Review] News-Driven Disturbances Pushed SS Futures Higher, While Confidence in the Stainless Steel Spot Market Gradually Recovered
Read More
[SMM Stainless Steel Daily Review] News-Driven Disturbances Pushed SS Futures Higher, While Confidence in the Stainless Steel Spot Market Gradually Recovered
[SMM Stainless Steel Daily Review] News-Driven Disturbances Pushed SS Futures Higher, While Confidence in the Stainless Steel Spot Market Gradually Recovered
[SMM Stainless Steel Daily Review] News-Driven Disturbances Pushed SS Futures Higher to Test the Upside, Confidence in the Stainless Steel Spot Market Gradually Recovered SMM News, March 24: SS futures rose strongly. Affected by market fluctuations triggered by news of geopolitical conflict yesterday, SS futures rose sharply in the night session, and the daytime session maintained a fluctuating but relatively strong trend, closing at 14,290 yuan/mt by midday. In the spot market, boosted by the sharp rise in SS futures, market confidence somewhat recovered; although the increase in traders' spot quotations was limited, both inquiries and transactions showed signs of recovery during the week. The current market is heavily disturbed by news factors, and changes in the geopolitical conflict still need close attention. The most-traded SS futures contract strengthened and moved higher. At 10:15 a.m., SS2605 was quoted at 14,305 yuan/mt, up 125 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi were in the range of 115-315 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coils in Wuxi rose by 50 yuan/mt; for cold-rolled trim-edge 304/2B coils, the average price in Wuxi rose by 50 yuan/mt, while the average price in Foshan was unchanged; cold-rolled 316L/2B coils in Wuxi were unchanged; for hot-rolled 316L/NO.1 coils, Wuxi quotations were unchanged; cold-rolled 430/2B coils in both Wuxi and Foshan were also unchanged. As the market entered the traditional peak consumption season of "Golden March and Silver April," although the stainless steel market ushered in a seasonal recovery window, end-use demand fell short of expectations, downstream wait-and-see sentiment gradually intensified, and the procurement side only maintained a restocking pace for rigid demand, with none of the transaction momentum typically seen in the peak season emerging. The market's view on stainless steel prices...
Mar 24, 2026 14:24
[SMM Stainless Steel Daily Review] SS Futures Fluctuated Higher, and Stainless Steel Spot Prices Followed the Upward Trend
Mar 23, 2026 13:22
[SMM Stainless Steel Daily Review] SS Futures Fluctuated Higher, and Stainless Steel Spot Prices Followed the Upward Trend
Read More
[SMM Stainless Steel Daily Review] SS Futures Fluctuated Higher, and Stainless Steel Spot Prices Followed the Upward Trend
[SMM Stainless Steel Daily Review] SS Futures Fluctuated Higher, and Stainless Steel Spot Prices Followed the Upward Trend
[SMM Stainless Steel Daily Review] SS Futures Oscillated Higher, Stainless Steel Spot Prices Rose in Tandem SMM News, March 23: SS futures oscillated higher and tested upward. Although the escalation of geopolitical conflicts in Iran weighed on the broader nonferrous futures, nickel and SS futures maintained a strong upward trend, closing at 14,140 yuan/mt by the midday break. In the spot market, agents of steel mills raised quotations, and coupled with the strong performance of SS futures, stainless steel spot prices moved higher during the day. Driven by the mentality of rush to buy amid continuous price rise and hold back amid price downturn, downstream end-users showed improved inquiry and trading activity. At present, stainless steel mills are under significant cost pressure, and the market holds strong expectations for cost support to prices. Although macro factors may limit any substantial price rise, room for a pullback is also constrained. The most-traded SS futures contract strengthened and moved higher. At 10:15 a.m., SS2605 was quoted at 14,180 yuan/mt, up 30 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi were in the range of 190-390 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coil in Wuxi rose by 50 yuan/mt; for cold-rolled trim-edge 304/2B coil, the average price in Wuxi was flat, while that in Foshan rose by 50 yuan/mt; cold-rolled 316L/2B coil in Wuxi was unchanged; hot-rolled 316L/NO.1 coil was quoted flat in Wuxi; cold-rolled 430/2B coil in both Wuxi and Foshan was also unchanged. As the traditional September-October peak season approaches, the stainless steel market is seeing a seasonal recovery window, but end-use demand has fallen short of expectations. Wait-and-see sentiment among downstream players has gradually intensified, and proc……
Mar 23, 2026 13:22