The United States “decided to maintain” the sunset retrial of anti-dumping and countervailing of cold-rolled stainless steel from South Korea

The US Department of Commerce recently announced the final decision of accelerated sunset review on the imposition of anti-dumping and countervailing duties on cold-rolled stainless steel coils made in South Korea.

If the data submitted for the sunset review application is insufficient, the urgent sunset review shall be applied.

The US Department of Commerce announced that the anti-dumping duty rate would remain unchanged, because if anti-dumping measures were taken against cold-rolled stainless steel coils from South Korea, Japan and Taiwan, China, dumping might continue or recur.

In addition, the U.S. Department of Commerce said that if the countervailing tax measures on cold-rolled stainless steel coils produced in South Korea were canceled, the offset subsidies might continue or recur, and announced that the countervailing tax would also continue to be imposed.

Since 1998, the regulations on cold rolled stainless steel coils in the United States have been continuing. Taking POSCO and Hyundai as examples, the existing anti-dumping duties on cold-rolled stainless steel coils have been cancelled due to the active explanation in the sunset recovery in 2010.

Take modern BNG steel as an example. Because there was no response at that time, the export coil was subject to a tariff of 19.7%. In the case of DaeyangMetal, it was found that the tariff was 3.99%. Of course, if exported in the form of plates, there is no tariff.