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.
Simple Explanation
The U.S. checked if some Korean steel was being sold too cheaply in America, and they found out it wasn't, so the Korean companies don't have to pay extra taxes on it.