Korea Steel Hit with Duties After US Price Dumping Review
Published Date: 4/2/2025
Notice
Summary
The U.S. checked if Korean companies sold hot-rolled steel at unfairly low prices from October 2022 to September 2023 and found they did. Because of this, these companies will face extra duties (taxes) to keep things fair for U.S. steel makers. This means prices and payments will change starting now, helping protect American businesses.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Antidumping Duties on Korean Hot‑Rolled Steel
The Department of Commerce found that producers and exporters of hot‑rolled steel flat products from the Republic of Korea sold those products at less than normal value during October 1, 2022 through September 30, 2023. As a result, those imports will face antidumping duties (extra import taxes) on the subject merchandise.
Finding Aims to Protect U.S. Steel Producers
Commerce determined the Korean producers/exporters sold at less than normal value for the period October 1, 2022 through September 30, 2023. The imposition of antidumping duties is intended to protect American steel businesses from those unfairly low‑priced imports.
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