Trade Cases
Commerce updates import duties on plate from Korea, Italy
Written by Laura Miller
December 15, 2023
Import duties on cut-to-length plate from South Korea and Italy were recently updated by the International Trade Administration (ITA), which is a part of the US Department of Commerce.
South Korea – CVD
For the 2021 calendar year, the ITA set a final subsidy rate of 0.87% for Korea’s Posco.
The final rate was slightly higher than the 0.79% rate set for Posco in the preliminary results of the review.
In the prior one-year period, Posco’s subsidy rate had been set at 0.33% de minimis. No duties are collected on de minimis rates, which are typically less than 0.5%.
Italy – AD
For the one-year period ended April 30, 2022, the ITA set a final dumping margin of 18.65% for Italy’s NLMK Verona.
The final rate is slightly higher than the 15.88% rate determined in the ITA’s initial results.
Compared to the prior year’s results, however, the new rate is significantly higher. For the 2020-21 review, NLMK Verona had received a dumping margin of 0.9%. In that review, eight other companies received rates of 3.95%.
Laura Miller
Read more from Laura MillerLatest in Trade Cases
Steel groups voice different takes on US-EU trade deal
US and European steel trade groups were at odds over their reaction to the recent trade deal President Trump brokered with the EU.
Here’s what’s up next in the big coated steel trade case
Attorneys representing domestic petitioners and foreign respondent companies have been busy filing case briefings and making rebuttals as the corrosion-resistant steel unfair trade investigations begin to wind down.
Price: Which countries get a ‘zonk’ in Trump’s primetime ‘Let’s Make a (Trade) Deal’ show?
As the president’s August 1 tariff deadline approaches, the “Let’s Make a Deal” game show returns to primetime (the Monty Hall version, of course). As the administration begins rolling out trade deals, we are starting to see what’s behind door number one and who is getting a “zonk.”
Trump says Canada deal might not happen: Report
President Trump said a negotiated deal with Canada might not occur, and all existing tariffs, along with those set to take effect soon, will stay in place, according to media reports.
Steel trade groups applaud Trump’s S232 tariffs
Five trade organizations involved with North American steel have praised President Trump’s Section 232 tariffs on steel for helping the domestic industry.