China and the Republic of Korea, or ROK, reached an agreement on a price undertaking in the final stage of the hot-rolled coil anti-dumping case on Monday, according to the Ministry of Commerce's website.

Both sides agreed that replacing anti-dumping duties with a price undertaking aligns with the industrial interests of them both and enhances the stability and predictability of steel trade, a result welcomed by industry stakeholders.

With deeply integrated economic ties and mutually beneficial cooperation, China and the ROK view the "soft landing" of the case as a demonstration of mutual respect, understanding, and consideration of each other's concerns, sending a positive signal for consolidating and deepening bilateral economic and trade cooperation.

Against the backdrop of complex global conditions, both sides resolved the dispute within the World Trade Organization framework, showing firm support for multilateralism and the preservation of free and fair trade, injecting positive momentum into the stability of international economic cooperation, and setting an example for resolving differences through dialogue.