Commerce Finalizes 2022 CVD Rates for Korean Cold-Rolled Steel Products
- Schulz Trade Law
- May 16
- 1 min read
Updated: May 26
May 16, 2025
On Friday, May 16, the International Trade Administration (ITA) published its final results in the countervailing administrative review (2022) of Certain Cold-Rolled Steel Flat Products from the Republic of Korea. The U.S. Department of Commerce (Commerce) continues to find that Hyundai Steel, POSCO, and producers/exporters of certain cold-rolled steel products received countervailable subsidies from the Korean government.
The final subsidy rates were determined to be:
Hyundai Steel Company: 2.21% (ad valorem)
POSCO: 1.47% (ad valorem)
KG Dongbu Steel Co., Ltd.: 1.73% (ad valorem)
At this time, Commerce will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits of estimated countervailing duties in the amounts listed above for the companies listed on shipments of subject merchandise entered or withdrawn from warehouse for consumption on or after the date of the publication of its notice. For non-reviewed firms, Commerce will instruct CBP to collect duties in the amount of the “all-others” rate or specific entity rate. Additionally, CBP will assess duties on all appropriate entries of subject merchandise regardless of whether the importer was subject to the administrative review.
Schulz Trade Law is here to help with any customs or countervailing duty questions arising from this recent administrative review.
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