Search Results for keywords:"Republic of Korea"

The U.S. Department of Commerce announced the final results of its review, finding that Toray Advanced Materials Korea, Inc. (TAK) sold low melt polyester staple fiber from Korea in the U.S. at less than normal value between August 1, 2022, and July 31, 2023. This review resulted in a change to the weighted-average dumping margin calculations for TAK. The Department will instruct U.S. Customs and Border Protection to assess antidumping duties based on these results and establish cash deposit requirements for future shipments of the fiber. The notice also reminds importers of their responsibilities regarding antidumping duties and protective orders.

The U.S. Department of Commerce determined that aluminum wire and cable (AWC) products completed in South Korea, using components made in China, are circumventing the existing antidumping and countervailing duty orders on AWC from China. As a result, these Korean products are being included in these orders, which are meant to protect U.S. producers from unfair competition due to underpriced imports. Importers and exporters must provide certifications to Customs and Border Protection if they want to avoid the suspension of their goods and additional duties, ensuring that their products do not contain components from China. These measures apply from October 19, 2023, onwards, to all affected products.

The Department of Commerce has made a preliminary finding that passenger vehicle and light truck tires from South Korea are being sold in the United States for less than their fair value. This investigation covers sales from April 1, 2019, to March 31, 2020. Due to this finding, U.S. Customs and Border Protection will suspend the liquidation of these tires and require cash deposits based on the estimated dumping margins until further notice. The Department also plans to verify the information before making a final determination and is inviting public comments on the preliminary decision.

The U.S. Department of Commerce has corrected a significant error in its preliminary investigation regarding the sale of certain epoxy resins from Korea. The investigation found that Kumho P&B Chemicals had a significant ministerial error in the calculation of their dumping margin. These corrected changes lead to a revised dumping margin for Kumho P&B and all other producers or exporters, resulting in adjusted cash deposit rates effective retroactively to November 13, 2024. The revised rates suggest a decrease in cash deposits, and the Commerce Department will update U.S. Customs and Border Protection with the new instructions for refunds.

The U.S. Department of Commerce found that POSCO Co., Ltd. from South Korea received unfair government subsidies during 2022. These subsidies helped POSCO with financial benefits specific to them. The Department of Commerce analyzed and revised POSCO's subsidy calculations from earlier reviews. As a result, the U.S. will apply countervailing duties to certain steel products from POSCO and related companies, and they will adjust cash deposit requirements for future imports accordingly.

The U.S. Department of Commerce has completed its review of antidumping duties for certain corrosion-resistant steel products from South Korea, covering sales from July 1, 2022, to June 30, 2023. They found that Dongkuk Coated Metal Co., Ltd. sold these products in the U.S. at prices lower than normal value, leading to antidumping duties being assessed on these sales. In contrast, Hyundai Steel Company did not sell the products below their normal value during the same period. The Commerce Department will instruct U.S. Customs and Border Protection on how to apply these findings to import duties.

The Department of Commerce has made a preliminary finding that seamless carbon and alloy steel pipes from South Korea are possibly being sold in the United States at unfairly low prices. This investigation covers sales from July 1, 2019, to June 30, 2020. As part of this determination, the Commerce Department will require cash deposits for estimated antidumping duties on these products. The final determination has been postponed, and the public is invited to comment on this preliminary decision.

The U.S. Department of Commerce has determined that the only producer/exporter of thermal paper from the Republic of Korea did not sell their merchandise at prices below normal value between November 2022 and October 2023. Interested parties can comment on these preliminary findings. The results will affect the duties imposed on these products when imported into the United States. The notice outlines steps for public comments and submissions, and it provides information about how future assessments and cash deposit rates will be calculated.

The U.S. Department of Commerce (Commerce) completed its final review of countervailing duties on stainless steel sheet and strip in coils from the Republic of Korea for the year 2022. They determined that some Korean producers and exporters received government subsidies, which are unfair benefits. Part of the review was canceled for Samsung STS Co., Ltd., as they had no relevant shipments during that period. Commerce found no changes needed in its initial calculations and will instruct U.S. customs to collect duties based on these conclusions starting April 16, 2025.

The Department of Commerce has released preliminary findings that Hyundai Steel Co., Ltd., a company from South Korea, has received unfair government subsidies for its hot-rolled steel products. The review period is from January 1, 2018, to December 31, 2018. They are planning to enforce additional duties on these products to counterbalance the subsidies. Public comments and hearings will follow before the final decision is made within 120 days of these preliminary results.