US Hits Korean Steel with Duties for Unfair Government Aid
Published Date: 5/16/2025
Notice
Summary
The U.S. checked if Korean steel makers got unfair help from their government in 2022 and found some did. This means certain Korean corrosion-resistant steel products will face extra duties to keep things fair for U.S. businesses. Some parts of the review were canceled, so not all products are affected, but the changes kick in soon and could impact prices.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
Korean CORR-Resistant Steel May Face Duties
Commerce found that producers and exporters of certain corrosion-resistant steel products (CORE) from the Republic of Korea received countervailable subsidies during January 1, 2022 through December 31, 2022. That finding means those specific Korean CORE products will be subject to extra countervailing duties when imported into the U.S., which can raise costs for U.S. businesses that buy or use this steel.
部分 Review Rescinded — Some Products Not Subject
Commerce rescinded part of the administrative review, so not all corrosion-resistant steel product lines from Korea are covered by this finding. That means some Korean products and the U.S. buyers who import them will not face the extra countervailing duties from this 2022 review.
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Key Dates
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