The US Department of Commerce levied anti-dumping duties (AD) on corrosion-resistant steel with the period of review (POR), July 1, 2018 to June 30, 2019 from Korea and Taiwan in two different reports last week.
Commerce stated that it had found that companies from both countries were trading these products unfairly, selling them at less than market value into the US. After investigating Korean corrosion-resistant steel exports, Commerce enforced a review-specific AD duty of 0.80pc on Posco and its associates. It also imposed a 0.86pc and 0.76pc duty on Dongbu Steel, and Dongkuk Steel, respectively. In the final ruling, Hyundai Steel was exempted from AD after proving it did not have any shipments of the product during the period of review.
A probe into Taiwan’s exports of corrosion-resistant steel to the US within the POR led the department to impose an AD of 1.53pc on six of seven companies including Nippon Steel and Yieh Phui Enterprise.
The department intends to disclose the calculations to parties in this proceeding within five days after public announcement of the final results. CBP will receive assessment instructions no earlier than 35 days after the date of publication of the final results of this review in the Federal Register.