Trade Cases

Commerce revises import duty on Korean CR due to error

April 4, 2024

The US Department of Commerce’s International Trade Administration (ITA) has revised upwards the antidumping duty (AD) rates on imports of cold-rolled steel flat products from two South Korean producers.

In late February, Commerce published the final results of an administrative review of the AD duty order considering the period Sept. 1, 2021, through Aug. 31, 2022.

The agency had set final weighted-average dumping margins for the period of 0.88% for Hyundai Steel, 2.13% for KG Dongbu Steel, and 2.70% for Posco.

The same day those results were published, Steel Dynamics Inc. (SDI), the case’s petitioner, informed ITA of a clerical error involving a countervailing duty export subsidy offset. ITA admitted the mistake and amended the final results to reflect the correct calculations, according to a recent Federal Register filing.

Correcting the error changed Hyundai Steel’s dumping margin to 1.35% and KG Dongbu’s margin to 2.28%. The error did not affect Posco’s 2.70% rate.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU 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. She can be reached at laura@steelmarketupdate.com or 724-759-7869.