Korean Steel Plate Review Finds Government Subsidies, Keeps Duties
Published Date: 11/5/2026
Notice
Summary
The U.S. Department of Commerce found that some Korean steel makers got unfair government help in 2024, so they’ll keep extra taxes on certain steel plates from Korea. This affects Korean exporters and U.S. buyers who import this steel, starting November 5, 2026. These duties help keep the playing field fair and protect American businesses.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Cash Deposit Rules for Future Shipments
For shipments entered or withdrawn for consumption on or after the date of publication (November 5, 2026), CBP will collect cash deposits of estimated countervailing duties: company-specific rates for Dongkuk (1.89%) and Hyundai (1.39%) except a rate below 0.50% would be treated as zero; if producer and exporter rates differ the higher rate applies; and the all-others rate remains 3.26%. These deposit instructions will remain in effect until further notice.
Final Countervailing Duty Rates Set
The Department of Commerce found countervailable subsidies for January 1, 2024 through December 31, 2024 and set company-specific ad valorem rates: Dongkuk Steel Mill Co., Ltd. 1.89% and Hyundai Steel Company 1.39%. These rates are part of the final results published with effect on November 5, 2026.
CBP Assessment Timing and Possible Liquidation Delay
Commerce will instruct U.S. Customs and Border Protection (CBP) to assess countervailing duties on appropriate entries at the listed rates. Commerce intends to issue assessment instructions no earlier than 35 days after publication, and 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 90-day statutory injunction period has expired.
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Key Dates
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