Trade Cases

Commerce Updates Duties on Korean Cold Rolled

Written by Laura Miller

October 7, 2022

The US Department of Commerce has released preliminary dumping and subsidy margins in the latest administrative review of the duties on cold-rolled steel flat product imports from South Korea.

In the antidumping duty review, which is looking at the one-year period ended Aug. 31, 2021, Commerce determined preliminary dumping margins of 0% for Hyundai Steel, POSCO, and KG Dongbu Steel. These rates are unchanged from the final results of the prior review.

In the countervailing duty review of the 2020 calendar year, Commerce set preliminary subsidy rates of 0.27% de minimis for Hyundai Steel, 0.34% de minimis for POSCO, 9.18% for Dongbu Steel, and 1.93% for more than 40 non-selected companies under review. In the prior final review of the 2019 calendar year, the same rates were set for Dongbu and non-selected companies. Hyundai’s subsidy rate was 0.46% and POSCO’s was 0.22% — both still de minimis under 0.5%, meaning US Customs will not collect those duties.

By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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