South Korea's Ministry of Economy and Finance lifts AD duties on Japanese stainless steel plates

This decision follows a comprehensive review investigation conducted by the Korea Trade Commission (KTC), which resulted in a decision on December 21, 2023. KTC stated that the removal of Japan's AD measure on stainless steel sheets will not lead to continued or recurring harm to South Korea's domestic industry.

The Ministry of Economy and Finance formally accepted the KTC's final decision, providing for the immediate termination of the AD decision. This decision is expected to have significant implications for trade relations between the two countries.

This decision affects products under HS codes 7219.21.1010, 7219.21.1090, 7219.21.9000, 7219.22.1010, 7219.22.1090 and 7219.22.9000.