Trade Cases

Commerce revises AD/CVD rates on Korean galv

August 13, 2024

The Department of Commerce’s International Trade Administration issued the preliminary results of administrative reviews of the antidumping and countervailing duties (AD/CVDs) on corrosion-resistant steel (CORE) products from South Korea.

The preliminary results are mixed. Some companies’ dumping rates were adjusted upward, and some downward, while most countervailable subsidy rates ticked higher.

ITA intends to issue the final results of both reviews by Dec. 10.

Recall that South Korea has an absolute quota in place in lieu of Section 232 tariffs. Its 2024 hard limit is 183,326 short tons (st) of hot-dipped galvanized flat-rolled products and 210,366 st of coated flat-rolled products. Quarterly quotas are also in place. These limits can not be surpassed; excess material must be warehoused or shipped out of the country until the quarterly quota resets.

Commerce preliminarily found that certain CORE products from Korea were sold in the US at prices below normal value during the one-year period of July 1, 2022, through June 30, 2023.

Period of review	2022 calendar year	2021 calendar year
Producer/exporter
Dongbu companies	5.49%	6.48%
Hyundai companies	0.80%	0.82%
Posco companies	2.68%	1.60%
SeAH companies	2.68%	1.60%

ADs on corrosion-resistant steel products from the Republic of Korea
Source: Department of Commerce’s International Trade Administration

CVD

Commerce’s preliminary determination is that countervailable subsidies are still being provided to CORE producers and exporters in Korea.

Period of review	July 1, 2022 to June 30, 2023	July 1, 2021 to June 30, 2022
Producer/exporter
Dongbu companies	1.74%	0.53%
Dongkuk companies	1.74%	0.53%
Hyundai companies	0%	0%
Posco companies	1.74%	0.53%
SeAH companies	1.74%	0.53%

CVDs on corrosion-resistant steel products from the Republic of Korea
Source: Department of Commerce’s International Trade Administration

The CVD rate for the Hyundai group of companies continues to be 0% as it has had no shipments to review during the review periods.

Editor’s note: This story has been updated to reflect that South Korea has an absolute hard quota in place and not a tariff-rate quota, as was originally published.

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.