Commerce updates import duties on plate from Korea, Italy

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

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.