Trade watchdog to recommend antidumping duties on Chinese, Taiwanese industrial material

The South Korean trade watchdog, the Korea Trade Commission (KTC), has announced its recommendation for the finance ministry to impose antidumping duties on certain industrial materials imported from China and Taiwan. This decision comes after the KTC determined that the imports have caused harm to the domestic industry. The recommended duties range from 3.66 percent to 22.21 percent on three Chinese exporters, while a 38.89 percent duty will be imposed on one Taiwanese exporter.

Solid sodium hydroxide, also known as caustic soda, is a crucial material utilized in various industrial processes. In addition to this recommendation, the KTC has initiated an investigation into allegations of unfair pricing by Chinese producers of flat photographic plates for printing and platemaking. The commission is anticipated to deliver its final verdict on this matter in October.