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
Read more from Laura MillerLatest in Trade Cases
Leibowitz: Renewed trade war with China over rare earths
On Oct.10, President Trump announced major increases in tariffs on Chinese goods. The trigger was a new regime of export controls on rare earth metals and products using those elements, including magnets, capital equipment, and catalysts for catalytic converters in cars and trucks.
Industry piles on new Section 232 steel derivative inclusion requests
The Department of Commerce received 97 submissions from producers, manufacturers, and groups seeking Section 232 tariff coverage for steel and aluminum derivative products.
Price on Trade: New EU steel tariffs don’t mean the US should weaken its stance
Any steel imports into the EU that exceed the new, lower quota level would be subject to a 50% tariff, which represents a major increase from the EU’s current 25% out-of-quota tariff. This move would largely align the EU’s steel tariff rate with Canada and the United States.
Global steel forum sets 2026 framework deadline as US ups pressure on excess capacity
Global steelmakers sounded the alarm Friday over the deepening excess steelmaking capacity crisis. Ministers at the Global Forum on Steel Excess Capacity (GFSEC) in Gqeberha, South Africa, pledged to...
CRU: China’s indirect steel exports find new destination markets
The boom in China’s direct steel exports has not stopped this year, even with a rise in protectionist measures globally. The increase is driven by...