Search Results for keywords:"Hyundai Steel"

The U.S. Department of Commerce completed an administrative review and determined that large diameter welded pipes from the Republic of Korea were not sold in the U.S. at unfairly low prices between May 2022 and April 2023. The review involved 23 Korean producers and exporters, and findings led to zero percent dumping margins, meaning no extra duties will be imposed. Changes based on comments received during the review were made, affecting companies like Hyundai Steel and SeAH. The document outlines procedures for cash deposits and informs importers of their obligations to certify against duty reimbursements.

The U.S. Court of International Trade (CIT) has made a decision that is not in line with the Department of Commerce's original findings regarding antidumping duties on welded line pipe from South Korea, specifically for the companies Hyundai Steel, SeAH Steel Corporation, and others. As a result, the Department of Commerce has recalculated and adjusted the dumping margins—the percentage that products are sold below fair market value—accordingly. The CIT's decision includes changes to how certain sales and costs were calculated in response to appeals and takes effect from January 14, 2021. This announcement ensures that future imports from these companies have the adjusted rates, pending any new legal challenges.

The Department of Commerce has preliminarily found that certain oil country tubular goods (OCTG) from South Korea are being sold in the U.S. at prices below their normal value, covering the period from September 1, 2018, to August 31, 2019. They identified Hyundai Steel and SeAH Steel Corporation as key companies involved and calculated a preliminary average dumping margin of 1.07% for businesses not individually examined. Interested parties can comment on these findings, and the final results will be published after a review period. The public can access details and submit feedback through specified channels, and there are opportunities to request hearings and submit case briefs.

The U.S. Department of Commerce determined that cold-rolled steel products from Korea were not sold in the U.S. at prices lower than normal between September 1, 2022, and August 31, 2023. As a result, two Korean companies, Hyundai Steel and POSCO, will not face any antidumping duties, and neither will another Korean company that wasn't individually reviewed, KG Dongbu. The final results, unchanged from the preliminary ones, mean no additional calculations are disclosed, and cash deposits for certain shipments will be zero or vary based on past rates. This notice also reminds importers about filing requirements related to antidumping duties.

The U.S. Department of Commerce has released preliminary findings related to the sale of circular welded non-alloy steel pipe from South Korea. Between November 2022 and October 2023, some of this pipe was sold at prices below its normal value. The department identified one South Korean company that did not sell the pipe below its normal value during this period. They also calculated a small average dumping margin for Hyundai Steel and a higher margin for Husteel. Various other companies will have a margin based on Husteel's results. They are now seeking comments on these preliminary findings.