Trade Cases
AD/CVD Rates on Coated Products Updated for Taiwan, South Korea
Written by Laura Miller
August 5, 2022
Additional antidumping and countervailing duty rates on imports of corrosion-resistant steel flat products have been updated by the US Department of Commerce.
In the preliminary results of an administrative review looking at the period July 1, 2020, through June 30, 2021, Commerce updated the weighted-average dumping margins for three Taiwanese companies. Preliminary rates were set at 6.46% for Prosperity Tieh Enterprise Co., 5.83% for Sheng Yu Steel Co. (Sysco), and 4.63% for Yieh Phui Enterprise Co. The Synn company was found to have no shipments to the US during the period of review. The all-others cash deposit rate remains at 3.66%.
Commerce also released the preliminary results of an administrative review of the countervailing duty on the same imports from South Korea. For the 2020 calendar year, countervailable subsidy rates were set at 9.51% for mandatory respondents KG Donghu Steel Co. and Donghu Incheon Steel Co., as well as for 31 other individual companies. The rate for Hyundai Steel and Hyundai Green Power was set at 0.27% de minimis. Duties are not collected on de minimis rates as they are insignificant.
Commerce will issue the final results of these administrative reviews by Dec. 3.
Preliminary results were also recently released for the antidumping duties on the same product from China and South Korea.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Trade Cases
Price: Expect new trade shocks as Trump’s ‘reciprocal’ tariff negotiations continue
President Trump cast a wide net with the proposed, reciprocal tariffs. The negotiating stage will be critical to determining the success of his strategy. And for those suffering tariff whiplash, don’t expect the pace of change to slow down just because the reciprocal tariffs are entering a negotiating phase.
SMU Survey: Less support seen for Trump tariff policies
Meanwhile, an increasing number think it's too early to say whether the penalties are going to bring more manufacturing to the US.
CRU: USW seeks exclusion for Canada from Trump’s tariffs
The union is also urging stronger enforcement against countries such as China which break trade rules, and a coordinated Canada-US strategy to protect union jobs across the North America
Price on trade: A lot happened last week – and it wasn’t all about tariffs
Should foreign investment be allowed to reshape the American steel Industry? Not to be lost in the recent on-again-off-again tariff frenzy, Nippon Steel’s proposed takeover of U.S. Steel has also found itself in President Trump’s crosshairs when it comes to trade and industrial policy. Nippon Steel initially announced its nearly $15-billion bid for U.S. Steel […]
Trump signs executive order aimed at making US shipbuilding ‘great again’
President Trump on Wednesday signed an executive order meant to breathe new life into American shipbuilding and curb Chinese dominance in the sector.