Trade Cases
New Dumping Rates Set on Coated Products from China, Korea
Written by Laura Miller
August 4, 2022
The US Department of Commerce has issued the preliminary results of administrative reviews of the antidumping duties on corrosion-resistant steel flat products from China and South Korea, setting new import duty rates for the period July 1, 2020, through June 30, 2021.
In China’s review, Metalco was the sole company subject to the review. Because Metalco did not file a no-shipment certification with Commerce, the Department found that the company was not eligible for a separate rate status. Thus, Commerce preliminary found Metalco to be a part of the China-wide entity, whose antidumping duty rate was unchanged from the prior review at 199.43%.
Domestic companies participating in China’s duty reviews include California Steel Industries, Cleveland-Cliffs, Nucor, Steel Dynamics Inc., and US Steel.
In the Korean review, Dongkuk and Hyundai were the mandatory respondents. Commerce set preliminary rates of 1.67% for Dongkuk, 0.86% for Hyundai Steel, and 1.47% for KG Dongbu Steel, Posco, Posco Coated & Color Steel, and Posco International Corp. The cash deposit rate for all other Korean producers and exporters will remain at 8.31%.
Commerce intends to issue the final results of these reviews by December 2.
Last month, a sunset review of the antidumping duties on these coated products from China, South Korea, India, Italy, and Taiwan confirmed that the duties should remain in place for at least another five years.
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Trade Cases
Trump refutes tariff pare-down report
The Trump administration may be considering alternative tariff plans, but Trump said the report is "Fake News."
Commerce says welded line pipe duties should continue
The US Department of Commerce has determined that anti-dumping and countervailing duties (AD/CVDs) on welded line pipe imports from China and Japan should remain in place for five more years.
Leibowitz: Thoughts for the holidays
At holiday time, it’s customary to think about what’s happened during the year gone by and what to hope for (or brace for) in the next.
Fitch warns more tariffs will pressure global commodity markets
“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.
Commerce increases import duties on Korean galv, plate
The Commerce Department is raising the import duties on imports of corrosion-resistant sheet and cut-to-length plate from Korea.