Trade Cases
Commerce Updates Duties on HR Flats From Japan, South Korea
Written by Laura Miller
November 6, 2023
The US Department of Commerce’s International Trade Administration (ITA) is updating the import duties on hot-rolled steel flat products from Japan and South Korea.
Preliminary results in two administrative reviews were released this week. The ITA intends to issue the final results for both reviews at the beginning of March.
AD Duty Order on HR Flats From Japan
The ITA is reviewing the antidumping duty on HR flats from Japan, considering the one-year period ended Sept. 30, 2022.
For the period of review, the ITA preliminarily determined weighted-average dumping margins of 1.39% for Nippon Steel, Nippon Steel Nisshin, and Nippon Steel Trading. For Tokyo Steel Manufacturing, a 0% margin was assigned.
These initial dumping margins are notably lower than the 7.72% margins found for the companies in the prior year’s administrative review.
CVD Order on HR Flats From South Korea
In a review of the 2021 calendar year, the ITA assigned preliminary countervailable subsidy rates of 0.78% for Hyundai Steel and 0.88% for Posco.
These rates are slightly higher than the de minimis rates of 0.32% and 0.33% assigned to Hyundai and Posco, respectively, in the 2020 review. Customs will not collect duties on a de minis rate, typically below 0.5%.
Laura Miller
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