2026-07467NoticeWallet

Korean Steel Gets Clean Bill: No Extra Duties Needed

Published Date: 4/16/2026

Notice

Summary

The U.S. Department of Commerce reviewed steel plates from Korea and found that POSCO and its related companies didn’t sell their steel at unfairly low prices from May 2023 to April 2024. This means no extra duties will be charged on their imports during this time. The decision, effective April 16, 2026, keeps things steady for these Korean steel exporters and U.S. buyers.

Analyzed Economic Effects

4 provisions identified: 2 benefits, 2 costs, 0 mixed.

No Antidumping Duties for POSCO

The Department of Commerce found that POSCO and its related companies had a 0.00% weighted-average dumping margin for May 1, 2023 through April 30, 2024. Effective April 16, 2026, Customs will liquidate POSCO’s entries from that period without regard to antidumping duties.

Zero Cash Deposit Rate for POSCO

Upon publication (April 16, 2026), the cash deposit rate for the POSCO single entity will equal the final weighted-average dumping margin (0.00%) for shipments entered or withdrawn for consumption on or after the publication date. The all-others cash deposit rate will remain 7.10%.

Automatic Assessment May Apply 7.10%

Commerce’s automatic assessment will apply to entries of subject merchandise produced by the POSCO single entity for which the company did not know the merchandise sold to an intermediary was destined for the United States; in such cases, CBP will liquidate at the all-others rate of 7.10% if there is no rate for the intermediate company.

Importers Must File Reimbursement Certificate

Importers are reminded of their obligation under 19 CFR 351.402(f)(2) to file a certificate about reimbursement of antidumping and/or countervailing duties prior to liquidation for relevant entries during this period of review. Failure to file may lead Commerce to presume reimbursement and assess double antidumping duties and/or increase duties by the amount of countervailing duties.

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Key Dates

Published Date
4/16/2026

Department and Agencies

Department
Independent Agency
Agency
Commerce Department
International Trade Administration
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