Korean Steel Duties Delayed by US Government Shutdown Chaos
Published Date: 8/6/2026
Notice
Summary
The U.S. Department of Commerce found that POSCO and its related companies sold steel plates from Korea at unfairly low prices between May 2024 and April 2025. This means they might have to pay extra duties to level the playing field for U.S. businesses. The review started in mid-2025, and deadlines were pushed back due to a government shutdown, so keep an eye out for final decisions soon!
Analyzed Economic Effects
5 provisions identified: 0 benefits, 5 costs, 0 mixed.
Cash Deposit Rules After Final Results
If imposed, cash deposit rates for shipments entered or withdrawn for consumption on or after the publication date of the final results will be the company-specific rate set in the final results (or zero if the rate is less than 0.50 percent). The default all-others cash deposit rate remains 7.10 percent as established in the original less-than-fair-value investigation.
Importer-Specific Assessment Rate Calculation
If the final weighted-average dumping margin is not zero or de minimis (de minimis means less than 0.50 percent), Commerce intends to calculate importer-specific assessment rates based on the ratio of total dumping for an importer's examined sales to the total entered value of those sales. If entered values are missing, Commerce will calculate a per-unit assessment rate; if a margin or importer-specific rate is zero or de minimis, Commerce will instruct CBP to liquidate without regard to antidumping duties.
Automatic Assessment for Unknown-to-Exporter Shipments
For entries during the period of review produced by the POSCO single entity where the producer did not know the merchandise was destined for the United States, Commerce intends to instruct CBP to liquidate those entries at the all-others rate from the LTFV investigation if there is no rate for the intermediate company(ies). The all-others LTFV rate is 7.10 percent.
Importer Certificate on Duty Reimbursement Required
Importers must file a certificate regarding reimbursement of antidumping and/or countervailing duties prior to liquidation of the relevant entries, under 19 CFR 351.402(f)(2). Failure to file may lead Commerce to presume reimbursement and could result in assessment of double antidumping duties and/or an increase in antidumping duties by the amount of countervailing duties.
Preliminary Dumping Margin: 0.60%
The Department of Commerce preliminarily found a weighted-average dumping margin of 0.60 percent for the POSCO single entity for imports of carbon and alloy cut-to-length plate during May 1, 2024 through April 30, 2025. These are preliminary results published August 6, 2026 and may lead to duties if finalized.
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