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The South Korean Ministry of A841 Grade F steel Trade, Industry and Energy (MOTIE) announced on April 24, 2025 that it has decided to impose a five-year anti-dumping duty on cold-rolled stainless steel products originating in Vietnam, with applicable rates of 11.37% and 18.81%, respectively. This ruling stems from an investigation initiated by the Korea Trade Commission (KTC) on May 30, 2024, which was triggered by a complaint filed by POSCO on April 30, 2024.
The final determined tax rate is higher than the temporary anti-dumping tax rates previously implemented (3.66%, 4.79%, 11.37%). The temporary A841 Grade F steel anti-dumping measures will be implemented from December 19, 2024, and were originally scheduled to end on April 18, 2025. During this period, the applicable tax rate for TVL Joint Stock Company and its affiliated companies remained at 11.37%.
Subsequently, in order to prevent further damage to local A841 Grade F steel industries during the investigation period, the South Korean Ministry of Planning and Finance decided on April 1, 2025 to extend the temporary anti-dumping measures until July 18, 2025. After investigation, it has been confirmed that there has been dumping behavior of Vietnamese related products, which has caused substantial damage to the local stainless steel industry in South Korea. Therefore, it is recommended to formally impose anti-dumping duties on the related products for a period of five years. At present, the proposal has been submitted to the Ministry of Planning and Finance for review and will officially take effect after final approval.
