Steel Markets

September 11, 2016
Korean Antidumping Duties Impact Kia and Hyundai
Written by Sandy Williams
The duties on automotive steel from Korea due to antidumping (AD) may affect pricing of vehicles at Hyundai and Kia here in the U.S.
Dumping and countervailing duties have been determined by the Department of Commerce on imports of Korean coated, hot-rolled, and cold-rolled steel. Hyundai Steel, part of Hyundai Group, exports approximately 545,000 tons of steel to the U.S. annually, 40 percent of which is automotive steel designated for Hyundai and Kia manufacturers.


