The Trade Remedies Authority has opened a new
investigation into imports of hot-rolled steel plate
from South Korea.
Hot-rolled steel plates are flat steel products often used in
bridge construction, machine manufacturing and shipbuilding.
The new investigation is in response to an application by UK
producer Spartan UK Ltd, which has alleged that imports of
hot-rolled steel plate products from South Korea are being dumped
into the UK and that these dumped imports are causing injury to
domestic industry.
According to the TRA's initial analysis, imports of hot-rolled
steel plate from South Korea have grown from around 14,000 tonnes
in 2021 to more than 40,000 tonnes last year.
Where the TRA recommends a remedy is necessary, it will conduct
an Economic Interest
Test to assess whether the implementation of the remedy
is in the UK's economic interest.
Interested parties can contribute to this investigation by
visiting the TRA's public
file.
Background information
- The period of investigation for this case will be between
April 1 2024 and March 31 2025.
- The Trade Remedies Authority is the UK body that investigates
whether new trade remedy measures are needed to counter unfair
import practices and unforeseen surges of imports.
- The TRA is an arm's length body of the Department for
Business and Trade.
- UK industries concerned about imports have been able to
submit applications for a new trade remedy measure since January
2021. These applications are considered by the TRA to see if
there are grounds for an investigation.
