China and South Korea have resolved a trade dispute over hot-rolled steel coils through a price-undertaking deal, mirroring the solution used in China’s electric vehicle (EV) stand-off with the European Union.
Analysts say the deal, which will see exporters raise export prices to avoid anti‑dumping duties, could avert punitive tariffs and safeguard market access for Chinese exports.
The China Iron and Steel Association said in a statement issued on Thursday night that it “welcomed and supported”…