Hyundai Steel Slapped with Subsidy Smackdown Duties
Published Date: 10/9/2026
Notice
Summary
The U.S. Department of Commerce found that Hyundai Steel and POSCO from South Korea got unfair government help on their hot-rolled steel in 2023. Because of this, extra taxes (called countervailing duties) will apply to their steel imports starting October 9, 2026. This means U.S. steel buyers might pay a bit more, and Korean producers will have to adjust to these new rules.
Analyzed Economic Effects
5 provisions identified: 0 benefits, 4 costs, 1 mixed.
Cash Deposits Required from October 9, 2026
Commerce will instruct U.S. Customs and Border Protection to collect cash deposits of estimated countervailing duties for Hyundai Steel (1.28%) and POSCO (3.68%) on shipments of the subject merchandise entered, or withdrawn from warehouse for consumption, on or after the date of publication of these final results (October 9, 2026). These cash deposits will remain in effect until further notice.
Countervailing Duties Applied to Korean Steel
Commerce found countervailable subsidies for Hyundai Steel and POSCO for the period January 1, 2023 through December 31, 2023, and extra countervailing duties will apply to their hot-rolled steel imports effective October 9, 2026. The final ad valorem subsidy rates are 1.28% for Hyundai Steel and 3.68% for POSCO. These rates will be used for assessment on appropriate entries.
Affiliates Included in POSCO Rate
Commerce stated that certain cross-owned companies are included with POSCO for the subsidy calculation, and that POSCO International's subsidies are included in POSCO's total 3.68% subsidy rate. Exported subject merchandise sent through those affiliated entities will be assessed under POSCO's rate.
Non-Reviewed Firms Keep Prior Deposit Rates
For firms not reviewed in this administrative review, Commerce will instruct CBP to continue collecting cash deposits at the most recent company-specific rate or the all-others rate, as appropriate. Those continued deposit requirements will remain in effect until Commerce issues further notice.
Liquidation May Be Delayed If Court Summons Filed
If a timely summons is filed at the U.S. Court of International Trade, Commerce's assessment instructions will direct CBP not to liquidate relevant entries until the time for parties to file a request for a statutory injunction has expired (i.e., within 90 days of publication). Commerce intends to issue assessment instructions no earlier than 35 days after publication.
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Key Dates
Department and Agencies
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Previous / Next Documents
Previous: 2026-20777, Certain Paper Shopping Bags From Cambodia: Preliminary Results of Antidumping Duty Administrative Review; 2024-2025
The U.S. Department of Commerce found that some paper shopping bags from Cambodia were sold in the U.S. for less than their normal price between January 2024 and June 2025. This means certain Cambodian bag makers might have to pay extra duties to keep things fair. Businesses involved should watch for final decisions and possible changes in costs soon.
Next: 2026-20779, Passenger Vehicle and Light Truck Tires From Thailand: Preliminary Results and Rescission, in Part, of Antidumping Duty Administrative Review; 2024-2025
The U.S. Department of Commerce found that tires from Thailand were sold in the U.S. for less than their normal price between July 2024 and June 2025. This means some importers might have to pay extra duties to keep things fair. The review process had some delays due to government shutdowns, but now the preliminary results are out and open for comments.