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
Leibowitz on Trade: Bringing manufacturing back to the US
Industries that use steel in manufacturing employ many more workers than steel production. Raising the cost of steel for these customers will not increase manufacturing employment. In fact, it will probably hit employment hard.
China hits out at Canadian tariff actions
The Chinese government has threatened countermeasures on Canada following the Canadian government's announcement on curbing steel imports, according to media reports.
Canadian PM moves to put tighter check on steel imports
Canadian Prime Minister Mark Carney has announced new measures to limit steel imports into the country.
Canadian agency reverses dumping decision, terminating CORE trade case
The Canada Border Services Agency has terminated a self-initiated dumping investigation of corrosion-resistant steel sheet (CORE) from Turkey.
OCTG producers in Canada take aim at Mexico, US, others
Evraz NA and Welded Tube of Canada have lodged an unfair trade complaint against imports of OCTG, including those from USMCA trading partners Mexico and the US.