Hyundai Contests U.S. Anti-Subsidy Duty Rate on Hot-Rolled Steel

Hyundai Steel Co. is challenging U.S. duties on certain entries of its hot-rolled steel, arguing to a federal trade court that the Commerce Department wrongly concluded the South Korean company received countervailable government subsidies in the form of port usage rights and sewerage fee reductions.

The U.S. imposes countervailing duties on imports of certain hot-rolled steel flat products from South Korea. Such steel is used in the automotive and construction industries and to manufacture transportation equipment, home appliances, heavy machinery, and machine parts.

The U.S. imported an estimated $649.5 million of hot-rolled steel flat products from South Korea in 2015, ...