US Slaps Extra Fees on Korean Hot-Rolled Steel
Published Date: 8/14/2025
Notice
Summary
The U.S. checked if Hyundai Steel and POSCO from Korea got unfair help (subsidies) while selling hot-rolled steel in 2022. They found that both companies did receive these benefits, which means extra duties (taxes) will apply to their steel imports. This decision affects importers and buyers, who should expect changes in costs starting now.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Hyundai Steel and POSCO found subsidized
The Department of Commerce found that Hyundai Steel Company and POSCO received countervailable subsidies during the period of review January 1, 2022, through December 31, 2022. Because of that finding, extra countervailing duties will apply to their hot-rolled steel imports.
Importers and buyers should expect higher costs
Importers and buyers of hot-rolled steel from Korea should expect changes in costs starting now because countervailing duties will apply to shipments from Hyundai Steel and POSCO for the January 1, 2022 through December 31, 2022 review period. Buyers may see higher prices passed on from importers.
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