India : India mulls action over US tariffs: WTO notice India proposed suspending its existing import concessions on US steel and aluminum products and imposing its own tariffs on “selected products” from the US, a notice published by World Trade Organization showed.
The Indian tariffs could be on a variety of commodities, not just metals, according to the notice.
In the notice published May 12 and delivered to the WTO’s Council for Trade in Goods on May 9, India’s WTO delegation said the US’ 25% tariffs on steel and aluminum products originating in India from March 12 were inconsistent with the WTO Agreement on Safeguards.
South Korea : South Korea : South Korea plans to levy antidumping duties of 11.37% and 18.81% on cold-rolled stainless steel from Vietnam for five years, the Ministry of Trade, Industry and Energy said.
The decision was the result of an investigation that was started by the Korea Trade Commission on May 30, 2024, following a petition from domestic steelmaker POSCO on April 30, 2024. The finalized duties were mostly higher than the provisional antidumping duties of 3.66%, 4.79% and 11.37% which ran from Dec. 19, 2024, to April 18, 2025.
Rates for TVL Joint Stock Company and its affiliate were left at 11.37%. On April 1, 2025, the provisional duties were extended to July 18, 2025, to prevent damages that may occur during the dumping investigation period, the Ministry of Strategy and Finance said.
Malaysia : Malaysia finalizes duties on coated steel Malaysia finalized antidumping duties ranging from 4.48% to 36.8% on coated iron or non-alloy steel flat-rolled products from China, India, Japan, and South Korea, effective May 11 for five years, a note from the Ministry of Investment, Trade and Industry showed.
The finalized duties, which will expire on May 10, 2030, were mostly revised from provisional duties of 2.52% to 36.8% proposed on Jan. 10. In making its final determination, the ministry said it found that the export price of the flat steel products in question was “less than its normal value.”
