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

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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