S. Korea to launch antidumping probe on Chinese stainless steel plates

South Korea plans to launch an antidumping investigation into stainless steel plates imported from China after a local company claimed that cheap imports have damaged the domestic market, the industry ministry said Thursday. The move came after DK Corp. filed a complaint with the Korea Trade Commission in June, claiming that stainless steel plates from four Chinese companies were imported at below reasonable market prices, according to the Ministry of Trade, Industry and Energy. The plates are widely used in various industries, including the petrochemical, shipbuilding, and semiconductor sectors. The commission said it plans to carry out investigations on products imported in 2023. Source: Yonhap News Agency