Major S Korea producers withdraw ADD probe petition against China SM
Luffy Wu
14-Aug-2024
SINGAPORE (ICIS)–South Korean producers Hanwha Total Energies and Yeochon NCC are withdrawing their request for an antidumping probe on styrene monomer (SM) imports from China, based on a petition they filed with the Korea Trade Commission on 12 August.
The probe, which was initiated upon requests from Korean producers, has been ongoing since 9 April and was supposed to end on 8 September.
Expectations heightened in June that Korea will launch antidumping duties (ADDs) on China-origin SM after China extended its five-year ADDs on SM imports from three origins, including Korea.
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