Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The US Department of Commerce has levied antidumping duties (AD) on corrosion-resistant steel products (CRSP) from Taiwan and countervailing duties (CVD) on those from Korea. 


In an order slated for publication on Nov 23, Commerce preliminarily determined that CRSP exporters made sales of merchandise in the US at less-than-fair value during the period of review (POR), July 1, 2018, to June 30, 2019. It has now levied a weighted average AD margin of 1.51pc on six producers from Korea, including Nippon Steel and Hoa Sen Group. 


In a similar order, the agency preliminarily determined that exporters of the subject material were provided with countervailable subsidies during the POR, January 1, 2018, through December 31, 2018. Commerce has now assigned a CVD rate of 0.51pc to Hyundai Steel and 6.87pc to Dongbu Steel. It also assigned an all-others rate of 3.13pc to 35 producers including Posco and SeAH Steel.


Commerce will direct US Customs and Border Protection to collect cash deposits on the assessed AD and CVD rates before liquidating entries of subject merchandise during the POR into the US. 

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