The spokesperson of the Ministry of Commerce answered questions from reporters regarding the price commitment agreement reached between China and South Korea in the anti-dumping case of hot-rolled coils

A reporter asked: Recently, in the final ruling of South Korea's anti-dumping case against China's hot-rolled coil, China and South Korea reached a price commitment agreement. What is the spokesperson's comment on this?

Answer: On February 23, 2026, South Korea announced in the final ruling of the anti-dumping case against China for hot-rolled coils that it had reached an agreement with China on a price commitment plan. The Chinese and Korean industries welcome this and believe that replacing anti-dumping duties with price commitments is in the interests of both countries' industries, and will help enhance the stability and predictability of China Korea steel trade.

China and South Korea have close economic ties, deeply intertwined industrial and supply chains, and mutually beneficial cooperation. The 'soft landing' in this case reflects mutual respect, understanding, and care for each other's concerns between China and South Korea, and sends a positive signal for consolidating and deepening bilateral economic and trade cooperation.

Under the current international situation, China and South Korea have successfully resolved the hot-rolled coil case within the framework of WTO rules, demonstrating their firm support for multilateralism and upholding free and fair trade. This has set another example of resolving differences through dialogue and consultation, injecting positive energy into stabilizing international economic and trade cooperation.