Commerce tweaks CVDs on Korean CR

The US Department of Commerce is conducting an administrative review of the countervailing duty (CVD) order on cold-rolled steel flat products from Korea.

In the preliminary results, Commerce found subsidy rates for Hyundai Steel and POSCO slightly different from their previous rates.

Hyundai’s subsidy rate was preliminarily adjusted lower, to 1.28% vs. 2.21% previously.

Meanwhile, POSCO’s rate was raised from 1.47% to 3.67%.

Commerce will release final CVD rates in the coming months.

CVDs and anti-dumping duties (ADs) matter when importing steel. Korea often offers very competitive import rates. The importer of record is responsible for paying any ADs, CVDs, or tariffs.

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.

Laura Miller

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