Korean Steel Makers Face Continued Subsidy Scrutiny in Review
Published Date: 1/8/2026
Notice
Summary
The U.S. Department of Commerce found that some Korean steel makers got unfair government help during 2023, which could affect import taxes on their corrosion-resistant steel. They’re stopping the review for two companies but continuing with others, so businesses should watch for updates. These changes kick in starting January 8, 2026, and could impact prices and trade rules soon.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Preliminary duties on Korean CORE
Commerce preliminarily assigned countervailable subsidy rates for corrosion-resistant steel from the Republic of Korea for the period January 1, 2023 through December 31, 2023: Hyundai Steel Company 1.28%; KG Dongbu Steel Co., Ltd. 4.11%; POSCO and listed POSCO affiliates 2.39%; SeAH companies 2.39%. Commerce states that, upon issuance of the final results, U.S. Customs and Border Protection (CBP) shall assess countervailing duties on appropriate entries covered by this review.
Cash-deposit rule for future entries
Commerce intends to instruct CBP to collect cash deposits of estimated countervailing duties for shipments of subject merchandise entered, or withdrawn from warehouse, for consumption on or after the date of publication of the final results of this review. Commerce says these cash deposit instructions, when imposed, shall remain in effect until further notice.
Review rescinded for two exporters
Commerce is rescinding the administrative review for NS BlueScope Steel Vietnam Ltd. and Dongkuk Coated Metal Co., Ltd. for the period January 1, 2023 through December 31, 2023 because withdrawal requests were timely. For these two companies, Commerce will instruct CBP to assess countervailing duties at a rate equal to the cash deposit of estimated countervailing duties required at the time of entry for entries during that period; Commerce intends to issue rescission instructions to CBP no earlier than 35 days after publication.
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Previous / Next Documents
Previous: 2026-00191, Certain Corrosion-Resistant Steel Products From the Republic of Korea: Preliminary Results of Antidumping Duty Administrative Review; 2023-2024
The U.S. Department of Commerce checked if certain corrosion-resistant steel from Korea was sold too cheaply in the U.S. from July 2023 to June 2024 and found it wasn’t. This means no extra taxes (antidumping duties) will be added for now. Thirteen Korean steel companies are involved, and people can still share their thoughts before the final decision.
Next: 2026-00193, Certain Corrosion-Resistant Steel Products From Taiwan: Preliminary Results and Rescission, In Part, of Antidumping Duty Administrative Review; 2023-2024
The U.S. Department of Commerce found that certain corrosion-resistant steel from Taiwan wasn’t sold at unfairly low prices between July 2023 and June 2024. This means some companies won’t face extra duties, but the review is still open for comments. Steel makers and importers should watch for updates that could affect costs and trade rules soon.