Trade Cases

Commerce updates import duties on plate from Korea, Italy

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

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.