S.Korea launches WTO dispute against U.S.

27/11/2009 12:00 - 552 Views

GENEVA, Nov 26 (Reuters) - South Korea has launched a dispute at the World Trade Organisation against the United States over U.S. measures to raise prices on imports of steel, a South Korean embassy official said on Thursday.

The official told Reuters in answer to an inquiry that South Korea had filed a request on Tuesday for consultations with the United States, the first stage in a dispute.

The dispute involves the way the United States calculates anti-dumping duties on imports of South Korean steel products such as plate and coil made by POSCO (005490.KS), the world's no. 4 steelmaker and other South Korean manufacturers.

(Reporting by Jonathan Lynn)

((jonathan.lynn@reuters.com; +41 22 733 3831; Reuters Messaging: jonathan.lynn.reuters.com@reuters.net ))

Thu Nov 26, 2009 8:58am EST

Source: www.reuters.com