Korean Steel Dumpers Face Duties: Commerce Keeps Review on Two Firms
Published Date: 2/26/2026
Notice
Summary
The U.S. Department of Commerce checked if Korean steel companies sold certain steel plates too cheaply from Feb 2024 to Jan 2025. They found some did and are keeping the review for two big companies but stopping it for two others. This could affect import duties and prices soon, so companies and buyers should pay attention!
Analyzed Economic Effects
4 provisions identified: 0 benefits, 4 costs, 0 mixed.
Importer Reimbursement Certificate Requirement
Importers must file a certificate regarding reimbursement of antidumping and/or countervailing duties prior to liquidation of relevant entries for the period February 1, 2024 through January 31, 2025, as required by 19 CFR 351.402(f)(2). If importers fail to comply, Commerce may presume reimbursement occurred and could assess double antidumping duties or increase antidumping duties by the amount of countervailing duties.
Preliminary Dumping Margins Announced
Commerce preliminarily found weighted-average dumping margins of 1.18% for Dongkuk Steel Mill Co., Ltd. and 0.94% for Hyundai Steel Company for the period February 1, 2024 through January 31, 2025. These preliminary margins are the estimates Commerce will use while the administrative review proceeds toward final results.
Review Rescinded for Two Exporters
Commerce is rescinding the administrative review for Daeik Eng Co., Ltd. and MAIKO International because the parties who requested review withdrew those requests (withdrawal dated June 26, 2025). For those two companies, Commerce will instruct U.S. Customs and Border Protection to assess antidumping duties at the cash deposit rate required at the time of entry during the period February 1, 2024 through January 31, 2025.
Cash Deposit Rate Rules and All-Others Rate
Commerce will set cash deposit requirements upon publication of the final results: individually examined respondents' rates from the final results (unless less than 0.50% and therefore zero), company-specific rates from the most recent completed segment for other covered companies, and a continuing all-others rate of 0.98% for producers/exporters not otherwise covered.
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