Trade Cases

Commerce Updates AD/CVDs on Korean Cold Rolled

Written by Laura Miller

October 13, 2023

The US Department of Commerce’s International Trade Administration (ITA) is updating the antidumping and countervailing duties (AD/CVD) on cold-rolled steel imports from South Korea.

The ITA gave notice of its preliminary results in administrative reviews of the duties in the Federal Register. The final results are to be issued by early February.

AD Administrative Review

The AD review covers the one-year period ending Aug. 31, 2022.

The agency set initial weighted-average dumping margins of 1.3% for Hyundai Steel, 2.22% for KG Dongbu Steel, and 2.64% for Posco.

The dumping margins are higher than the 0% margins found for the three companies in the prior year’s administrative review.

CVD Administrative Review

The CVD review is considering the 2021 calendar year.

Preliminary subsidy rates were set at 0.78% for Hyundai Steel and 0.88% for Posco.

Again, these are higher than the rates found in the previous review. For 2020, the ITA set final rates of 0.27% de minimis for Hyundai, 0.20% de minimis for Posco, and 1.93% for non-selected companies. No duties are collected on de minimis rates, which are typically below 0.5%.

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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