Trade Cases

Commerce Sets Lower Duties on Japanese, Korean HR Sheet

Written by Laura Miller

November 2, 2022

The US Department of Commerce’s International Trade Administration (ITA) has set new, lower dumping rates on hot-rolled steel flat product imports from Japan and South Korea.

The time period covered in both the ITA’s administrative reviews of the antidumping duties is Oct. 1, 2020, through Sept. 30, 2021, according to the Federal Register filings reviewed by SMU.

In the review of the duties for Japan, the ITA set preliminary rates of 7.81% for the Nippon Steel companies and Tokyo Steel Manufacturing Co. The initial duties are much lower than the 24.07% rate found in the final results of the prior one-year review.

For South Korea’s duty review, preliminary rates were set at 0% for Posco, and 0.91% for Hyundai Steel and 12 other companies including Dongkuk, Dongbu, and Marubeni-Itochu Steel Korea. Posco’s 0% rate is de minimis, meaning that it is below 0.5% and that duties will therefore not be collected.

The preliminary duties set for the South Korean companies are lower than those found in the prior review of sales from Oct. 1, 2019, through Sept. 30, 2020. The final rates set in that review were 3.62% for Hyundai, 1.57% for Posco, and 2.95% for Dongkuk, Dongbu, Marubeni-Itochu, and three other companies.

By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU in 2022. 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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