Japan launches anti-dumping investigation into steel.

VTV.vn - The Japanese government is expected to make a decision on whether or not to impose tariffs within one year.

The Japanese government has announced it will begin an investigation into whether anti-dumping duties should be imposed on certain types of steel, arguing that the prices of steel imported from China and South Korea are unreasonably low.

On June 1st, Japan's Ministry of Economy, Trade and Industry and the Ministry of Finance announced they would begin investigating "hot-rolled steel sheets" and "cold-rolled steel sheets"—types of steel commonly used in various fields such as automobiles, construction materials, and household appliances.

Last February, major Japanese steel companies such as Nippon Steel and JFE Steel filed a complaint with the government, alleging that their products were being imported at unreasonably low prices from countries like China, South Korea, and Taiwan (China).

The investigation measures include requiring exporting companies to confirm the difference between domestic and export prices, and assessing changes in the production output of similar types of steel by Japanese companies. The Japanese government is expected to make a decision on whether or not to impose tariffs within one year.

Businesses from China, South Korea, and Taiwan (China) have not yet issued an official response. However, in previous instances, businesses from these countries have issued trade warnings and sought countermeasures within their respective business associations.

Including this one, the Japanese government is conducting four investigations, amid a sharp rise in material prices in Japan due to the weak yen.

Source: https://vtv.vn/nhat-ban-dieu-tra-chong-ban-pha-gia-voi-thep-100260602160820888.htm