US announces preliminary CVD determinations on South Korean corrosion-resistant steel
2026-10-13 10:31:55 [Print]
The US Department of Commerce (USDOC) has issued preliminary results from its countervailing duty (CVD) administrative review covering corrosion-resistant steel products imported from South Korea. The authority determined that South Korean producers and exporters received countervailable subsidies during the review period spanning January 1 through December 31, 2024.
Under the preliminary findings, the USDOC calculated net countervailable subsidy rates of 0.58% ad valorem for Hyundai Steel Company and 4.82% ad valorem for KG Dongbu Steel Co., Ltd. Unselected non-individually reviewed companies received a rate of 2.22% ad valorem.
Furthermore, the USDOC rescinded the administrative review regarding Dongkuk Coated Metal Co., Ltd. (Dongkuk CM) after receiving a timely withdrawal request from the requesting parties.
Interested stakeholders may submit comments before the final determinations.
Under the preliminary findings, the USDOC calculated net countervailable subsidy rates of 0.58% ad valorem for Hyundai Steel Company and 4.82% ad valorem for KG Dongbu Steel Co., Ltd. Unselected non-individually reviewed companies received a rate of 2.22% ad valorem.
Furthermore, the USDOC rescinded the administrative review regarding Dongkuk Coated Metal Co., Ltd. (Dongkuk CM) after receiving a timely withdrawal request from the requesting parties.
Interested stakeholders may submit comments before the final determinations.
