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

The US Department of Commerce determined antidumping margins for hot rolled coil (HRC) or hot rolled steel (HRS) from Korea, Thailand, and Japan on Friday. The department levied a dumping margin of 0.94pc on Korea, while Thai and Japanese importers were not given a margin.


South Korean HRC imports from October 2017 to September 2018 were found to have been sold at less than normal value during the review period for Hyundai Steel Company while POSCO and POSCO Daewoo certified they had no sales of the merchandise to the US. However, the department levied both companies with dumping margins of 0.94pc after its preliminary determinations.


The review for Thailand was petitioned by Steel Dynamics and SSAB Enterprises on November 1, 2018 for the November 2017 to October 2018 period. No shipments were attributed to the larger importers Sahaviriya Steel Industries Public Co LTD and G Steel Public Co in the period. 


HRC imports from Japan were reviewed for the period of October 2017 to September 2018 covering 25 exporters including Nippon Steel Corporation (NSC) and Tokyo Steel Manufacturing Co (Tokyo Steel). Both NSC and Tokyo Steel were mandatory respondents after Honda was determined to have no shipments in the period. The department determined that both the companies had not sold merchandise below normal value in the US.


Per the department’s process, interested parties on the subject have 120 days to respond prior to being issued with the final results of this administrative review.

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