2025-02166NoticeWallet

Court tweaks Korean steel pipe duties—yawn-worthy trade update

Published Date: 2/4/2025

Notice

Summary

The U.S. Court of International Trade changed the way antidumping duties are calculated for certain Korean steel pipe makers, including Husteel and Hyundai. This means the Department of Commerce is updating the final duty rates starting January 24, 2025, which could affect how much these companies pay when selling steel pipe in the U.S. If you’re involved in this trade, keep an eye on these new numbers—they could impact costs and pricing.

Analyzed Economic Effects

5 provisions identified: 2 benefits, 2 costs, 1 mixed.

Hyundai Steel Duty Rate Reduced

If you imported circular welded non-alloy steel pipe from Hyundai Steel Company for shipments entered (or withdrawn from warehouse for consumption) during November 1, 2019 through October 31, 2020, the amended weighted-average dumping margin is 2.42 percent effective January 24, 2025. This replaces the prior reported margin of 4.07 percent in the Final Results.

Husteel Duty Rate Increased

If you imported circular welded non-alloy steel pipe from Husteel Co., Ltd. for shipments entered (or withdrawn from warehouse for consumption) during November 1, 2019 through October 31, 2020, the amended weighted-average dumping margin is 4.95 percent effective January 24, 2025. This replaces the prior reported margin of 1.97 percent in the Final Results.

Suspended Entries Remain Enjoined; Duties May Be Assessed

Entries produced and/or exported by the named Korean companies that were entered (or withdrawn from warehouse for consumption) during November 1, 2019 through October 31, 2020 remain enjoined from liquidation by CIT order. If the CIT ruling is not appealed or is upheld, Commerce intends to instruct Customs and Border Protection to assess antidumping duties on unliquidated entries when the importer-specific ad valorem assessment rate is not zero or de minimis; where the importer-specific rate is zero or de minimis, Commerce will instruct CBP to liquidate without regard to antidumping duties.

Non-Selected Korean Suppliers' Rate Raised

For companies not selected for individual examination, the amended review-specific weighted-average dumping margin is 3.91 percent effective January 24, 2025, for entries during November 1, 2019 through October 31, 2020. This replaces the prior review-specific rate of 3.21 percent.

No Change to Current Cash Deposit Rates

Commerce states it will not issue revised cash deposit instructions to U.S. Customs and Border Protection because Hyundai, Husteel, and the non-selected companies have superseding cash deposit rates from a later administrative review; this notice will not affect the current cash deposit rates. The Department cites final results published in a subsequent administrative review (see correction published June 12, 2024).

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Key Dates

Effective Date
Published Date
1/24/2025
2/4/2025

Department and Agencies

Department
Independent Agency
Agency
Commerce Department
International Trade Administration
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