Trade Cases
South Korean Mill Suspends Shipments to the U.S.
Written by Tim Triplett
March 15, 2018
Anticipating the U.S. Commerce Department will soon begin considering applications for exemptions from the Trump administration tariffs on steel and aluminum, South Korea’s Dongkuk Steel has reportedly suspended its April exports to the United States.
Reuters quoted a company spokesman who said the steelmaker has put its exports to the U.S. temporarily on hold while the South Korean government seeks a waiver from the tariffs. “We will make clear what our stance is,” said Finance Minister Kim Dong-yeon. “We will deploy all possible means to respond to the U.S. steel tariffs measure.”
Dongkuk produces steel plate and sections, cold rolled, galvanized and prepainted sheet, and rebar. The steelmaker reportedly exported $122 million worth of product to the U.S. last year. Steel from South Korea is already subject to an 8.75 percent antidumping duty from the U.S. The additional 25 percent tariff is due to take effect March 23.
Tim Triplett
Read more from Tim TriplettLatest in Trade Cases
Steel Summit: Zekelman advocates for ‘Fortress North America’
Barry Zekelman has a unique vantage point from which to view today’s trade landscape. A Canadian national who owns operations in both the US and Canada, he has also had dialogue with both Canadian and American administrations.
Steel Summit: Execs urge clarity on trade/tariff policy, want stronger USMCA
Tariff policy dominated the discussion of the SMU Steel Summit trade panel on Tuesday afternoon. The message was clear: uncertainty is rattling the steel supply chain.
Final AD/CVD margins announced in coated steel trade case
The Commerce Department announced the final anti-dumping and countervailing duty (CVD) margins in the sprawling trade case investigating corrosion-resistant steel imports.
Canada agrees to drop most retaliatory tariffs
Canada has agreed to drop some retaliatory tariffs on US products, effective Sept. 1.
Price on trade: What a difference a year makes!
As everyone surely knows by now, the SMU Steel Summit starts on Monday in Atlanta, Ga. So, this is a great opportunity to reflect on how much has changed since the 2024 Summit. Certainly, no one could have imagined the wholesale and transformative changes to U.S. and global trade policy.