Search Results for keywords:"cold-rolled steel"

The U.S. Department of Commerce has preliminarily determined that producers and exporters of cold-rolled steel from South Korea received financial subsidies during 2018 that are subject to countervailing duties. This review focuses on the subsidy rates for specific companies and aims to determine the appropriate duties to impose on these imports to address unfair pricing practices. Interested parties can submit comments or request a hearing, and the final results of the review are expected within 120 days after the preliminary results are published.

The Department of Commerce has preliminarily determined that KG Dongbu Steel Co., Ltd. (KG Dongbu Steel) is the successor to Dongbu Steel Co., Ltd. and Dongbu Incheon Steel Co., Ltd. for antidumping duties on certain steel products from Korea. However, due to significant changes in ownership and operations, KG Dongbu Steel is not considered the successor for countervailing duties. This decision affects how KG Dongbu Steel will be treated in regard to certain financial penalties and responsibilities related to U.S. trade laws. The public is encouraged to comment on these preliminary findings.

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 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.