The US Department of Commerce has determined that South Korea’s Posco sold steel wire rods at less than fair value in the US during the period of review (POR), October 31, 2017, through April 30, 2019.
In a final order dated Mar 23, the agency has assigned a weighted-average antidumping (AD) margin on Posco at 0.94pc. The scope of the AD duty includes hot-rolled steel coils less than 19mm in diameter.
Similarly, Commerce also found that Japan’s Toyo Kohan sold nickel-plated flat-rolled steel products in the US at less than the fair value during the POR, May 1, 2018, through April 30, 2019. It has assigned the company an AD rate of 4.56pc.
Commerce will instruct US Customs and Border Protection to assess the AD duties on these producers and collect equivalent cash deposits before entries of the subject merchandise are liquidated.