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

The US has imposed antidumping duties on Corrosion-resistant steel (CORE) products shipped by South Korea during the period of review from July 1, 2018, to June 30, 2019.


In a preliminary ruling published on Monday, The US Department of Commerce added Hyundai and Dongkuk apart from Dongbu to its list of mandatory respondents from the list of 11 companies that the department had initially investigated. However, it assigned a weighted-average dumping margin of 0pc on Hyundai. Dongbu and Dongkuk were assigned a margin of 0.75pc and 0.56pc, respectively.


Posco and three of its subsidiaries—Posco Daewoo, Posco Coated and Color Steel, and Posco International—which were not reviewed individually were all assigned a weighted average margin of 0.64pc by Commerce.


The agency has asked interested parties to submit their written comments and the companies under investigation to present their rebuttal to Commerce within 30 days of the notice’s publication.

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