The US Department of Commerce has issued the preliminary results of administrative reviews of the antidumping duties on corrosion-resistant steel flat products from China and South Korea, setting new import duty rates for the period July 1, 2020, through June 30, 2021.
In China’s review, Metalco was the sole company subject to the review. Because Metalco did not file a no-shipment certification with Commerce, the Department found that the company was not eligible for a separate rate status. Thus, Commerce preliminary found Metalco to be a part of the China-wide entity, whose antidumping duty rate was unchanged from the prior review at 199.43%.
Domestic companies participating in China’s duty reviews include California Steel Industries, Cleveland-Cliffs, Nucor, Steel Dynamics Inc., and US Steel.
In the Korean review, Dongkuk and Hyundai were the mandatory respondents. Commerce set preliminary rates of 1.67% for Dongkuk, 0.86% for Hyundai Steel, and 1.47% for KG Dongbu Steel, Posco, Posco Coated & Color Steel, and Posco International Corp. The cash deposit rate for all other Korean producers and exporters will remain at 8.31%.
Commerce intends to issue the final results of these reviews by December 2.
Last month, a sunset review of the antidumping duties on these coated products from China, South Korea, India, Italy, and Taiwan confirmed that the duties should remain in place for at least another five years.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura MillerRead more from Laura Miller
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