Korean Steel Duties Reviewed: Some Companies Get a Pass
Published Date: 4/10/2026
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. They’re stopping the review for 13 companies but continuing with others like Hyundai Steel and POSCO. This means changes in duties might happen soon, so companies should stay alert and get ready to respond.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Preliminary Subsidy Rates Announced
If you import hot-rolled steel from Korea, Commerce preliminarily found countervailable subsidy rates for the period January 1, 2023 through December 31, 2023 of 1.28% for Hyundai Steel Company and 3.71% for POSCO. Commerce will use subsidy rates in the final results to instruct U.S. Customs and Border Protection (CBP) to assess countervailing duties on appropriate entries.
Cash Deposit Collection After Final Results
When Commerce issues final results, CBP will collect cash deposits of estimated countervailing duties for shipments entered or withdrawn from warehouse for consumption on or after the date of publication of the final results of this review. If the final rates are zero or de minimis, no cash deposit will be required on such shipments; non-reviewed firms will continue to have cash deposits collected at their most recent company-specific or all-others rate.
Review Rescinded for 13 Firms
Commerce rescinded this administrative review for 13 listed Korean companies because the record shows no suspended entries during January 1, 2023 through December 31, 2023. For those companies, CBP will assess countervailing duties at a rate equal to the cash deposit of estimated duties required at the time of entry during that period, and Commerce intends to issue rescission instructions no earlier than 35 days after publication of this notice (April 10, 2026).
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Key Dates
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