Trade Cases
Commerce Updates AD Duty Rates on Korean Hot Rolled
Written by Laura Miller
June 15, 2023
The US Department of Commerce’s International Trade Administration (ITA) is updating the antidumping duties on hot-rolled steel flats from South Korea.
In an administrative review of the one-year period ended Sept. 30, 2022, the ITA set preliminary dumping margins of 0% for Hyundai Steel, Posco, and 45 other Korean companies not selected for individual examination.
The all-others cash deposit rate remains set at 6.05%.
The ITA will issue the final results of the review by mid-October.
In the review of the prior one-year period ended Sept. 30, 2021, dumping rates were set at 0% for Posco and 0.84% for Hyundai and a handful of other companies.
Note that no duties are collected on de minimis dumping rates below 0.5%.
South Korea is typically one of the largest offshore suppliers of hot-rolled steel to the US. In the first four months of this year, just over 16,000 metric tons of Korean hot rolled was imported. Data from the US government shows 5,489 metric tons of import licenses for May and a June spike to 41,286 metric tons through the first 12 days of the month.
By Laura Miller, laura@steelmarketupdate.com
Laura Miller
Read more from Laura MillerLatest in Trade Cases
SMU Survey: Less support seen for Trump tariff policies
Meanwhile, an increasing number think it's too early to say whether the penalties are going to bring more manufacturing to the US.
CRU: USW seeks exclusion from Trump’s tariffs
The union is also urging stronger enforcement against countries such as China which break trade rules, and a coordinated Canada-US strategy to protect union jobs across the North America
Price on trade: A lot happened last week – and it wasn’t all about tariffs
Should foreign investment be allowed to reshape the American steel Industry? Not to be lost in the recent on-again-off-again tariff frenzy, Nippon Steel’s proposed takeover of U.S. Steel has also found itself in President Trump’s crosshairs when it comes to trade and industrial policy. Nippon Steel initially announced its nearly $15-billion bid for U.S. Steel […]
Trump signs executive order aimed at making US shipbuilding ‘great again’
President Trump on Wednesday signed an executive order meant to breathe new life into American shipbuilding and curb Chinese dominance in the sector.
Trump still against selling USS to Japanese firm: Report
Despite ordering a new review of Nippon Steel’s bid for U.S. Steel, President Trump said he is still against selling USS to a Japanese company, according to media reports.