Korean Steel Plates Dodge Extra Duties in Review
Published Date: 4/16/2026
Notice
Summary
The U.S. Department of Commerce reviewed steel plates from Korea and found that POSCO and its related companies didn’t sell their products at unfairly low prices from May 2023 to April 2024. This means no extra duties will be charged on their steel imports during this time. The decision, effective April 16, 2026, keeps things steady for these Korean steel exporters and U.S. buyers.
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Analyzed Economic Effects
4 provisions identified: 2 benefits, 2 costs, 0 mixed.
POSCO Entries: No Antidumping Duties
Commerce found that POSCO and its affiliated companies had a 0.00% dumping margin for the period May 1, 2023 through April 30, 2024, so POSCO-produced carbon and alloy cut-to-length plate entered during that period will be liquidated without regard to antidumping duties. This determination is applicable April 16, 2026.
Cash Deposit Rate Set at 0% for POSCO
Upon publication of these final results, the cash deposit rate for the POSCO single entity will be equal to the weighted-average dumping margin established in this review (0.00%) for shipments entered or withdrawn for consumption on or after the publication date. The all-others cash deposit rate remains 7.10% for producers/exporters not covered by this review.
Automatic Assessment Could Trigger 7.10% Rate
Commerce will apply an automatic assessment to certain entries produced by the POSCO single entity for which POSCO did not know the merchandise was destined for the United States; in such cases, and if there is no rate for an intermediate company, CBP will be instructed to liquidate those entries at the all-others rate of 7.10%.
Importer Certification: Risk of Double Duties
Importers must file a certificate about reimbursement of antidumping and/or countervailing duties prior to liquidation under 19 CFR 351.402(f)(2). Failure to file could lead Commerce to presume reimbursement occurred and result in assessment of double antidumping duties and/or an increase in antidumping duties by the amount of countervailing duties.
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