South Korea's industry ministry said on Thursday it has provisionally decided to impose up to 38% tariffs on Chinese steel plate imports after an investigation into alleged dumping of the steel product used in shipbuilding and construction.

The nation’s trade commission had decided to ask the country’s finance minister to impose as much as about 38% provisional anti-dumping duties on Chinese hot-rolled thick steel plates from next month.

South Korea's industry ministry has provisionally decided to impose up to 38% tariffs on Chinese steel plate imports after an

South Korea's trade watchdog on Thursday made a preliminary decision to impose antidumping tariffs on Chinese thick steel plates after its initial investigation identified potential damage to the domestic industry.