Korea Steel Faces Continued U.S. Tariff Review
Published Date: 7/13/2026
Notice
Summary
The U.S. Department of Commerce found that some Korean steel makers got unfair government help in 2023, so they’re keeping extra taxes (countervailing duties) on those steel products. This affects Korean exporters and U.S. buyers, with the new rules starting July 13, 2026. These duties help keep the playing field fair and protect American businesses from cheap imports backed by subsidies.
Analyzed Economic Effects
5 provisions identified: 1 benefits, 4 costs, 0 mixed.
Final Countervailing Rates for Korean Steel
The Department of Commerce set company-specific countervailing duty rates on certain corrosion-resistant steel from Korea, effective July 13, 2026, covering entries for the period January 1, 2023 through December 31, 2023. The final ad valorem rates are: Hyundai Steel Company 1.28%, KG Dongbu Steel Co., Ltd. (KG Steel) 5.34%, and six non-selected companies at 2.88% each for POSCO, POSCO Coated & Color Steel, POSCO International, POSCO Steeleon, SeAH Coated Metal, and SeAH Steel Corporation.
Cash Deposits on Future Shipments
CBP will be instructed to collect cash deposits of estimated countervailing duties at the company-specific rates shown on shipments of the subject merchandise entered or withdrawn for consumption on or after the publication date (July 13, 2026). These cash deposit requirements take effect upon publication and will remain in effect until further notice.
Final Results Aim to Protect U.S. Businesses
Commerce states that these countervailing duties are intended to keep the playing field fair and protect American businesses from imports benefiting from foreign government subsidies; the final results and duties are part of that enforcement. These measures apply beginning July 13, 2026 for the entries covered by this review.
Timing of Duty Assessment and Liquidation Hold
Commerce will direct CBP to assess countervailing duties in accordance with the final results and intends to issue assessment instructions no earlier than 35 days after publication (publication July 13, 2026). If a timely summons is filed at the U.S. Court of International Trade, CBP will be directed not to liquidate relevant entries until the time for parties to seek a statutory injunction expires (within 90 days of publication).
Non-Selected Companies Assigned 2.88% Rate
For six companies that were not individually examined, Commerce applied a review-specific subsidy rate of 2.88% (a weighted average of the mandatory respondents' rates) for the period January 1, 2023 through December 31, 2023. The six companies include POSCO, POSCO Coated & Color Steel Co., POSCO International, POSCO Steeleon, SeAH Coated Metal, and SeAH Steel Corporation.
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