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U.S. cancels duties on Korean hot-rolled steel

The US Department of Commerce has finalized its reinvestigation of a wide range of hot-rolled steel products in coils from South Korea.

U.S. cancels duties on Korean hot-rolled steel

The results of the investigation showed that between October 2021 and September 2022, Korean companies did not supply these products to the United States at artificially low prices.

Based on the data received, the Ministry announced that the dumping margin for Korean hot-rolled steel producers Posco and Hyundai Steel, as well as for all other suppliers, was set to zero from April 16, 2023.

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