Search Results for keywords:"Republic of Korea"

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Search Results: keywords:"Republic of Korea"

  • Type:Notice
    Citation:90 FR 302
    Reading Time:about 5 minutes

    The U.S. Court of International Trade ruled against the Department of Commerce's final decision regarding certain superabsorbent polymers from Korea, covering the period from October 2020 to September 2021. As a result, Commerce is changing the antidumping duty order, specifically altering the dumping margins for LG Chem, Ltd. and other producers and exporters of these polymers. This change follows a review of the commercial significance of various characteristics of the polymers, underlining the court's concerns about the initial findings. Commerce will update cash deposit instructions for these goods as these changes are implemented.

    Simple Explanation

    The people in charge of trade in the U.S. changed their earlier decision about the price cheating of certain special materials from Korea because a court found a mistake. Now, they will collect different amounts of extra money from the companies that sell these materials to make it fair.

  • Type:Notice
    Citation:90 FR 15955
    Reading Time:about 7 minutes

    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.

    Simple Explanation

    The U.S. government checked if some companies in Korea got unfair help from their government to make stainless steel sheets and found they did. Because of this, starting in April 2025, the U.S. will charge extra money when these sheets come into the country, but they didn't have to do this for one company named Samsung STS because they didn't sell any sheets during that time.

  • Type:Notice
    Citation:86 FR 10533
    Reading Time:about 6 minutes

    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.

    Simple Explanation

    The Department of Commerce found out that a company in South Korea called Hyundai Steel received some extra help from their government, which made their steel cheaper. To make it fair for everyone else, they plan to add extra taxes to Hyundai Steel's products.

  • Type:Notice
    Citation:89 FR 100980
    Reading Time:about 8 minutes

    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.

    Simple Explanation

    The U.S. checked if big pipes from Korea were sold too cheaply in the U.S., and they found that they weren't, so there won't be any extra charges on them.

  • Type:Notice
    Citation:86 FR 3118
    Reading Time:about 7 minutes

    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.

    Simple Explanation

    The court told the Commerce Department that they needed to change the numbers they used to figure out if some steel pipes from South Korea were being sold too cheaply in the U.S. Now, the Commerce Department has fixed those numbers like the court said to make sure the pipe companies are playing fair.

  • Type:Notice
    Citation:90 FR 10066
    Reading Time:about 8 minutes

    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.

    Simple Explanation

    The U.S. Department of Commerce checked if a company from South Korea, called POSCO, was selling steel plates in the U.S. for very low prices unfairly, and found that they weren't. So, POSCO won't have to pay extra money for their sales during that time.

  • Type:Notice
    Citation:90 FR 9134
    Reading Time:about 8 minutes

    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.

    Simple Explanation

    The U.S. government found that a company from Korea sold a special type of fiber in America for a cheaper price than usual. Because of this, they will charge extra money on future sales to make it fair.

  • Type:Notice
    Citation:89 FR 102109
    Reading Time:about 10 minutes

    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.

    Simple Explanation

    The U.S. Department of Commerce checked if certain companies from South Korea sold special steel in the U.S. for less than they were supposed to and found that one company did, while another did not. This means the one company might have to pay extra fees to make up for it.

  • Type:Notice
    Citation:90 FR 15228
    Reading Time:about 10 minutes

    The U.S. Department of Commerce is reviewing an antidumping duty order on superabsorbent polymers from South Korea for the period from June 7, 2022, to November 30, 2023. They found that LG Chem, Ltd., a South Korean company, did not sell their products in the U.S. at unfairly low prices during this time. Interested parties can submit comments on these preliminary findings. The Commerce Department will determine any necessary antidumping duties and provide instructions to U.S. Customs and Border Protection once the review is completed.

    Simple Explanation

    The U.S. government checked if a Korean company, LG Chem, was selling some super water-absorbing materials to America at unfairly cheap prices, and found that they didn't. Now, they are asking people to share their thoughts before making any final decisions.

  • Type:Notice
    Citation:90 FR 11510
    Reading Time:about 6 minutes

    The U.S. Department of Commerce has completed the first expedited sunset reviews of antidumping duty orders on acetone from Belgium, Korea, Singapore, South Africa, and Spain. The review determined that revoking these orders would likely result in continued or repeated dumping of acetone at significant margins, with percentages as high as 414.92% for South Africa. These results suggest that the antidumping duties should remain in place to prevent unfair pricing practices from these countries. The document provides details about the review process and the findings related to the likelihood of future dumping.

    Simple Explanation

    The U.S. Department of Commerce checked if stopping special rules on selling a chemical called acetone from five countries would make them sell it too cheaply in the U.S. again. They decided to keep the rules in place to stop unfairly low prices.

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