The Ministry of Commerce (MOFCOM) Photo: VCG

　　Commenting on South Korea"s final determination in the anti‑dumping case on Chinese hot‑rolled coils — in which the two sides reached a price‑commitment agreement — a spokesperson for China"s Ministry of Commerce (MOFCOM) said on Tuesday that it sends a positive signal for consolidating and deepening bilateral economic and trade cooperation.

　　A Chinese expert said that the outcome is consistent with the long‑term interests of both countries" steel industries and will help stabilize bilateral trade.

　　On Monday, South Korea said in its final determination on the anti‑dumping case concerning China"s hot‑rolled coils that it had reached agreement with the Chinese side on a price‑commitment agreement. The MOFCOM spokesperson noted that the agreement has gained support from industry participants in both countries and said that replacing anti‑dumping duties with a price commitment is in the interests of the industries of both countries and will enhance the stability and predictability of steel trade between China and South Korea.

　　The spokesperson noted that China and South Korea maintain close economic ties, deeply integrated industrial and supply chains, and mutually beneficial cooperation.

　　The resolution of the case, described as a "soft landing," reflects mutual respect, mutual understanding, and mutual consideration of each other"s legitimate concerns, and sends a positive signal for consolidating and deepening bilateral economic and trade cooperation, the spokesperson noted.