Munbae Steel is showing strong performance. It is interpreted to be influenced by the news that the United States will not impose anti-dumping duties on Korean galvanized steel sheets.
As of 1:54 PM on the 28th, Munbae Steel is trading at 3,385 KRW, up 6.11% compared to the previous day.
According to the industry, the U.S. Department of Commerce recently announced the preliminary results of the anti-dumping (AD) investigation on Korean galvanized steel sheet products. The Department of Commerce reported that POSCO and Dongkuk Steel sold galvanized steel sheets at normal prices during the period from July 2021 to June 30, 2022, and set the dumping margin at 0%.
With this preliminary ruling, it is expected that exports of products produced by domestic companies during the relevant period to the U.S. will not be affected. Since no duties will be imposed, competitiveness is also expected to be maintained.
Meanwhile, Munbae Steel operates in the primary steel industry, producing primary forms of steel such as scalp, steel sheets, shaped steel, thick plates, coils, and thin plates, as well as surface-treated steel products. Since operating as an official sales agency of POSCO in 1975, it has been selected as a designated sales agency of POSCO and has grown steadily to this day.
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