Korea's POSCO Faces Preliminary Steel Dumping Charges for 2023-2024
Published Date: 8/4/2025
Notice
Summary
The U.S. found that POSCO from Korea sold steel wire rod in the U.S. for less than fair prices between May 2023 and April 2024. This could mean extra duties (taxes) on their products to keep things fair for American businesses. Everyone involved can share their thoughts before the final decision is made.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Preliminary Finding May Lead to Duties
The Department of Commerce preliminarily found that POSCO sold carbon and alloy steel wire rod in the U.S. at less than fair value during May 1, 2023 through April 30, 2024. This preliminary finding could lead to antidumping duties (extra import taxes) on POSCO's wire rod imports into the United States.
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