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.