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Japan Today
3 days ago
- Business
- Japan Today
Japan to begin anti-dumping probe into China, S Korea steel products
The government vowed Wednesday to investigate allegations that steel products from China and South Korea have been imported into Japan at below-market prices, after receiving a request from four major domestic producers. The Japanese finance and trade ministries said they will decide whether to impose anti-dumping duties on imports of hot-dipped galvanized steel coil, sheet and strip, which are mainly used in construction for guardrails and fencing. The investigation is expected to conclude within a year, according to the ministries. Nippon Steel Corp, Nippon Steel Coated Sheet Corp, Kobe Steel Ltd and Yodogawa Steel Works Ltd filed the request in April. The companies claimed the imported steel products, produced in excess in China and other regions, have been sold at significantly lower prices than similar items in Japan, forcing them to cut prices, the ministries said. © KYODO
05-06-2025
- Business
Japanese Steel Industry Watching Impact of Higher U.S. Tariffs
News from Japan Economy Jun 5, 2025 15:18 (JST) Tokyo, June 5 (Jiji Press)--The Japanese steel industry is closely watching the impact of U.S. President Donald Trump's decision to double tariffs on imported steel and aluminum to 50 pct. Japanese steel industry executives are generally calm about the tariff increase as shipments to the United States account for only less than 10 pct of Japan's total steel exports. Steel exports to the United States are "small in relative to our sales," said an official at Kobe Steel Ltd. In fiscal 2024, which ended in March, U.S.-bound shipments made up about 3 pct of Japan's total steel exports in volume and about 7 pct in value, according to Finance Ministry data. Still, details of Trump's decision, including what products will be subject to the higher tariffs, are unknown. [Copyright The Jiji Press, Ltd.] Jiji Press
