Trade Cases
October 7, 2022
Commerce Updates Duties on Korean Cold Rolled
Written by Laura Miller
The US Department of Commerce has released preliminary dumping and subsidy margins in the latest administrative review of the duties on cold-rolled steel flat product imports from South Korea.
In the antidumping duty review, which is looking at the one-year period ended Aug. 31, 2021, Commerce determined preliminary dumping margins of 0% for Hyundai Steel, POSCO, and KG Dongbu Steel. These rates are unchanged from the final results of the prior review.
In the countervailing duty review of the 2020 calendar year, Commerce set preliminary subsidy rates of 0.27% de minimis for Hyundai Steel, 0.34% de minimis for POSCO, 9.18% for Dongbu Steel, and 1.93% for more than 40 non-selected companies under review. In the prior final review of the 2019 calendar year, the same rates were set for Dongbu and non-selected companies. Hyundai’s subsidy rate was 0.46% and POSCO’s was 0.22% — both still de minimis under 0.5%, meaning US Customs will not collect those duties.
By Laura Miller, Laura@SteelMarketUpdate.com
