Breaking News

India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis

EU Launches Anti-Dumping Probe into South Korean Steel Imports

562664_1759905130_small.png
Construction 08 Oct 2025 12:02 PM IST Economic Times

The European Commission has opened an anti-dumping investigation into imports of flat-rolled steel from South Korea, amid growing concerns that cheap shipments are undercutting European producers.

The probe follows complaints from EUROFER (the European Steel Association), which alleges that South Korean exporters have been selling steel below market prices, damaging the competitiveness of EU steelmakers.

According to the Commission, the investigation will cover the period between July 2024 and June 2025, assessing whether dumping occurred and if it caused material injury to European industry. If confirmed, the EU may impose provisional tariffs within nine months and definitive duties within 12–15 months.

The inquiry targets several categories of flat-rolled steel used in construction, automotive, and industrial applications. EU officials noted that the move aligns with Brussels’ strategy to ensure “fair trade and level playing conditions” as Europe transitions toward green and sustainable steel production.

This action follows a series of similar trade-defence measures against imports from China, India, and Turkey, reflecting Europe’s intensifying efforts to protect its manufacturing base from global price pressures and excess supply.