Commerce Slaps Duties on Korean Hot-Rolled Steel for Unfair Sales
Published Date: 5/14/2026
Notice
Summary
The U.S. Department of Commerce found that Hyundai Steel and POSCO/POSCO International sold hot-rolled steel from Korea at unfairly low prices between October 2023 and September 2024. Because of this, extra duties (taxes) will apply to their products to keep things fair for U.S. steel makers. These changes take effect starting May 14, 2026, impacting import costs and trade fairness.
Analyzed Economic Effects
4 provisions identified: 0 benefits, 4 costs, 0 mixed.
Importers Must Certify Duty Reimbursement
Importers are reminded to file a certificate under 19 CFR 351.402(f)(2) about reimbursement of antidumping or countervailing duties before liquidation of the relevant entries. If an importer fails to file the certificate, Commerce may presume reimbursement and assess double antidumping duties or increase duties by the amount of countervailing duties.
Antidumping Duties on Hyundai and POSCO Imports
The Department of Commerce found Hyundai Steel and POSCO/POSCO International sold hot-rolled steel from Korea at less than normal value for October 1, 2023–September 30, 2024. As of May 14, 2026, import entries covered by this review will be subject to antidumping duties based on the final weighted-average dumping margins of 1.49% for Hyundai Steel and 1.22% for POSCO/POSCO International.
New Cash Deposit Rates at Border
Upon publication (effective May 14, 2026), cash deposit requirements for shipments of hot-rolled steel from Korea entered or withdrawn for consumption on or after that date will be set equal to the company-specific weighted-average dumping margins from this review. These company-specific deposit rates apply immediately for entries on or after the publication date.
Unreviewed Entries May Face 6.05% Rate
If an entry involves an intermediate company or producer without a company-specific rate, Commerce will instruct Customs to liquidate those unreviewed entries at the all-others rate of 6.05 percent. Commerce will issue assessment instructions to U.S. Customs and Border Protection no earlier than 35 days after publication and may delay liquidation up to the statutory injunction period (within 90 days) if litigation occurs.
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