2025-04876NoticeWallet

Korea Steel Fittings Get Dumping Duty Slap: Meh

Published Date: 3/21/2025

Notice

Summary

The U.S. Department of Commerce found that Samyoung Fitting Co. from Korea sold forged steel fittings at unfairly low prices between December 2022 and November 2023. This could mean extra duties (taxes) on their products to keep things fair for U.S. businesses. The preliminary decision came out on March 21, 2025, and interested parties can still share their thoughts before the final call.

Analyzed Economic Effects

5 provisions identified: 0 benefits, 4 costs, 1 mixed.

Preliminary 18.72% Dumping Margin for Samyoung

The Department of Commerce preliminarily found that Samyoung Fitting Co., Ltd. sold forged steel fittings at dumped prices for the period December 1, 2022 through November 30, 2023 and calculated a weighted-average dumping margin of 18.72 percent. This preliminary finding was published on March 21, 2025 and could lead to extra antidumping duties if the final results confirm the 18.72% margin.

Automatic Assessment at 17.08% for Unreviewed Entries

For entries during the period of review produced by Samyoung where Samyoung did not know the merchandise was destined for the United States, Commerce will instruct CBP to liquidate unreviewed entries at the all-others rate of 17.08 percent if there is no rate for intermediate companies. This applies to entries during the POR December 1, 2022 through November 30, 2023.

Importer-Specific Assessment vs. De Minimis Rule

If the final results keep a non-zero or non-de minimis margin, Commerce will direct U.S. Customs and Border Protection to assess importer-specific ad valorem antidumping duties based on the ratio of dumping to entered value. If the final weighted-average dumping margin or an importer-specific rate is zero or de minimis (less than 0.50 percent), Commerce intends to instruct CBP to liquidate entries without regard to antidumping duties.

Cash Deposit Rate Rules After Final Results

For shipments entered or withdrawn for consumption on or after the publication date of the final results, the cash deposit rate for Samyoung will equal the weighted-average dumping margin set in the final results; the all-others cash deposit rate will remain 17.08 percent. Other rules apply for exporters/producers not covered in this review or prior segments.

Importer Certificate Requirement and Double-Duty Risk

Importers must file a certificate regarding the reimbursement of antidumping duties prior to liquidation of relevant entries under 19 CFR 351.402(f)(2). Failure to file may lead Commerce to presume reimbursement occurred and to assess double antidumping duties and/or increase duties by the amount of countervailing duties.

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Key Dates

Published Date
3/21/2025

Department and Agencies

Department
Independent Agency
Agency
Commerce Department
International Trade Administration
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