Impact of Korean anti-dumping duties on Taiwan limited: trade group

Taipei, Feb. 19 (CNA) South Korea's plan to impose an anti-dumping duty of 9.2-9.51 percent on imports of flat-rolled stainless steel products from Taiwan would have only a slight impact on Taiwanese steelmakers if finalized, domestic industry players said Friday.

The Taiwan Steel & Iron Industries Association said in a statement that Taiwanese stainless steel producers send only a small percentage of their exports to South Korea, and the duties are relatively low compared with those faced by competitors in two other countries.

Taiwan exported 719,000 metric tons of flat-rolled steel in 2020, of which 6.9 percent, or 49,000 metric tons, went to South Korea, according to statistics compiled by the Taiwan Steel & Iron Industries Association.

In a preliminary ruling Thursday, South Korea's Trade Commission found that steelmakers of Taiwan, China and Indonesia had dumped their flat-rolled steel products into the South Korean market.