Trade Cases
AD/CVD Rates on Coated Products Updated for Taiwan, South Korea
Written by Laura Miller
August 5, 2022
Additional antidumping and countervailing duty rates on imports of corrosion-resistant steel flat products have been updated by the US Department of Commerce.
In the preliminary results of an administrative review looking at the period July 1, 2020, through June 30, 2021, Commerce updated the weighted-average dumping margins for three Taiwanese companies. Preliminary rates were set at 6.46% for Prosperity Tieh Enterprise Co., 5.83% for Sheng Yu Steel Co. (Sysco), and 4.63% for Yieh Phui Enterprise Co. The Synn company was found to have no shipments to the US during the period of review. The all-others cash deposit rate remains at 3.66%.
Commerce also released the preliminary results of an administrative review of the countervailing duty on the same imports from South Korea. For the 2020 calendar year, countervailable subsidy rates were set at 9.51% for mandatory respondents KG Donghu Steel Co. and Donghu Incheon Steel Co., as well as for 31 other individual companies. The rate for Hyundai Steel and Hyundai Green Power was set at 0.27% de minimis. Duties are not collected on de minimis rates as they are insignificant.
Commerce will issue the final results of these administrative reviews by Dec. 3.
Preliminary results were also recently released for the antidumping duties on the same product from China and South Korea.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
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