US adjusts duties on Korean CR

The US Department of Commerce has adjusted the countervailing duties on cold-rolled steel products from Korea.

In the final results of an administrative review of the 2023 calendar year, Commerce assigned subsidy rates of 1.28% for Hyundai Steel and 3.64% for Posco.

These differ slightly from the previous rates of 2.21% for Hyundai and 1.47% for Posco.

Last year, South Korea sent 87,928 metric tons of cold-rolled sheet to the US, according to US import data. Year-to-date shipments through July are 56,331 mt.

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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