Trade Cases

Commerce Revises Hyundai Steel’s CVD on Hot-Rolled Flats

Written by Laura Miller

October 4, 2022

The US Department of Commerce has slightly adjusted Hyundai Steel’s countervailing duty (CVD) on its shipments of hot-rolled steel flats to the US.

The adjustment comes after Hyundai challenged Commerce’s results of the 2017 administrative review of the duties at the US Court of International Trade (CIT). The CIT agreed with Hyundai that Commerce had miscalculated its subsidy rate of 0.51%.

This week, Commerce adjusted the rate slightly downward to 0.46% de minimis in order to bring the rate in line with the Court’s remand determination. The US Customs and Border Protection (CBP) agency does not collect duties on de minimis rates below 0.5%.

By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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