Commerce Updates Duties on HR Flats From Japan, South Korea

The US Department of Commerce’s International Trade Administration (ITA) is updating the import duties on hot-rolled steel flat products from Japan and South Korea.

Preliminary results in two administrative reviews were released this week. The ITA intends to issue the final results for both reviews at the beginning of March.

AD Duty Order on HR Flats From Japan

The ITA is reviewing the antidumping duty on HR flats from Japan, considering the one-year period ended Sept. 30, 2022.

For the period of review, the ITA preliminarily determined weighted-average dumping margins of 1.39% for Nippon Steel, Nippon Steel Nisshin, and Nippon Steel Trading. For Tokyo Steel Manufacturing, a 0% margin was assigned.

These initial dumping margins are notably lower than the 7.72% margins found for the companies in the prior year’s administrative review.

CVD Order on HR Flats From South Korea

In a review of the 2021 calendar year, the ITA assigned preliminary countervailable subsidy rates of 0.78% for Hyundai Steel and 0.88% for Posco.

These rates are slightly higher than the de minimis rates of 0.32% and 0.33% assigned to Hyundai and Posco, respectively, in the 2020 review. Customs will not collect duties on a de minis rate, typically below 0.5%.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team 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. Give her a shout at laura@steelmarketupdate.com or 724-759-7869.