54 Korean Steel Firms Dodge Duties in Subsidy Review Windfall
Published Date: 9/11/2025
Notice
Summary
The U.S. says some Korean steel makers got unfair help from their government in 2023, which could mean extra taxes on their steel. But for 54 companies, the review is being dropped, so no changes there. If you’re involved, now’s the time to speak up before the final decision!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Preliminary Finding: Korean CTL Plate Subsidies
The Department of Commerce preliminarily found that certain producers and exporters of carbon and alloy steel cut-to-length plate (CTL plate) from the Republic of Korea received countervailable subsidies during the period January 1, 2023 through December 31, 2023. This preliminary determination applies to certain named producers and exporters of that product and is open for comment before a final decision.
Review Rescinded for 54 Companies
Commerce is rescinding the administrative review for 54 named companies, meaning the review will not proceed for those 54 companies for the January 1, 2023 through December 31, 2023 period. If you are one of those companies, the review has been dropped for your company.
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Next: 2025-17460, Carbon and Alloy Steel Cut-to-Length Plate From the Republic of Korea: Preliminary Results of Antidumping Duty Administrative Review; 2023-2024
The U.S. Department of Commerce checked if some big Korean steel companies sold their cut-to-length steel plates in the U.S. for less than fair price from May 2023 to April 2024. They found these companies didn’t sell below normal value, meaning no extra duties will be added—for now. If you’re interested, you can still share your thoughts before the final decision!