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
Read more from Laura MillerLatest in Trade Cases
Global steel forum sets 2026 framework deadline as US ups pressure on excess capacity
Global steelmakers sounded the alarm Friday over the deepening excess steelmaking capacity crisis. Ministers at the Global Forum on Steel Excess Capacity (GFSEC) in Gqeberha, South Africa, pledged to...
CRU: China’s indirect steel exports find new destination markets
The boom in China’s direct steel exports has not stopped this year, even with a rise in protectionist measures globally. The increase is driven by...
U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.
US and Canada expect positive outcomes from tariff negotiations
Canadian Prime Minister Mark Carney and US President Donald Trump told reporters at the White House on Tuesday that they’ll be formulating a trade deal that works for both nations.
Leibowitz: When the shutdown should end
There is no doubt that the current government shutdown reflects the vast divisions between the extremes of American politics, society, and even geography. Almost all Americans agree that government is necessary, but voters disagree...