U.S. Department of Commerce Finalizes Review on Korean Steel Products
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The U.S. Department of Commerce has announced the final results of an administrative review regarding certain cold-rolled steel flat products from the Republic of Korea. The review covers the period from September 1, 2023, through August 31, 2024. The purpose of the review was to determine if these products were sold in the U.S. at prices below their normal value, which would violate antidumping policies.
According to the Department of Commerce, it found that the steel products from Korea were not sold below normal value during this review period. This outcome means that for the companies Hyundai Steel Company and POSCO, including POSCO International Corporation, the weighted-average dumping margin is 0.00 percent. This indicates that these companies were not selling their products in the U.S. at unfairly low prices.
For three other companies—Ameri-Source Korea, Hanawell Co Ltd, and KG Dongbu Steel Co., Ltd—the review assigned a dumping margin of 2.28 percent. This percentage is based on the most recent above-de minimis rate from the last review period.
The Department also set forth assessment rates. For Hyundai and POSCO, no antidumping duties will be assessed because their products were not found to be sold at dumping margins. The department has made clear instructions to U.S. Customs and Border Protection, explaining how to handle entries of the merchandise in question.
Cash deposit requirements for future shipments have also been detailed. These stipulations include a zero deposit rate for the companies reviewed. If a company was previously found to be dumping, the cash deposit will continue as per the last determined rate. For new companies entering the market, the deposit will match the existing rate for other similar producers, which is currently set at 20.33 percent.
This notice from the Department of Commerce is a reminder for importers to comply with regulations, such as filing a certificate to confirm they haven’t received reimbursements for antidumping duties.
Finally, this update serves as a reminder to parties involved of their responsibilities concerning the handling of proprietary information under established protective orders. Failure to adhere to these rules can lead to violations and sanctions.
The Department published this notice on the Federal Register on July 13, 2026. This information is part of the ongoing enforcement of trade laws to ensure fair competition within the U.S. market.
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