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The Department of Commerce has announced preliminary results regarding the sale of cold-rolled steel flat products from South Korea. They found that Hyundai Steel Company and POSCO/POSCO International Corporation did not sell these products at unfairly low prices in the U.S. between September 2018 and August 2019. The review still involves Hyundai, POSCO/PIC, and KG Dongbu Steel, and the Commerce Department is inviting comments on these preliminary findings. The decisions and comments will later influence the final assessments of duties and responsibilities for companies involved in this trade.

The U.S. Department of Commerce announced that POSCO, the only exporter evaluated in this review, did not sell certain carbon and alloy steel cut-to-length plates from South Korea below their normal value from May 1, 2022, to April 30, 2023. This means POSCO was not found to be dumping these products in the U.S. market, leading to no additional duties imposed on their entries during this period. There were no comments from other parties on the preliminary results, and the details for assessing duties or refunds based on these findings will follow these final results. This decision and related instructions will apply to relevant products starting from the publication date of this notice.

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.