South Korea eliminates AD taxes on Spanish, Indian, and Japanese stainless steel bars.
KJSS
India
25-01-2024
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Anti-dumping (AD) tariffs on imports of stainless steel bars from India, Japan, and Spain will be lifted by South Korea after nearly 20 years.
The tariffs will expire on January 22, 2024, having been in force since July 30, 2004. South Korea's imports of stainless steel bars from the aforementioned nations have drastically decreased since the application of AD levies, and internal and external initiatives have helped the home industry's competitiveness to recover.
For India, the range of tariff removal for stainless steel bars was 3.51%–15.39%, while for Japan and Spain, it was 15.39%.