POSCO Wins Lower Anti-Subsidy Duties on Korean Steel Plate

Certain imports of steel plate from South Korea will face lower anti-subsidy duties, the U.S. Court of International Trade affirmed Nov. 8.

The U.S. maintains countervailing duties on carbon and alloy cut-to-length plate from South Korea. This steel plate is used in a variety of applications, such as bridgework, transmission towers, light poles, agriculture equipment, construction, mining, and heavy transportation.

In its CVD investigation, covering imports that entered the U.S. in 2015, the Commerce Department hit POSCO with a countervailing duty rate of 4.31%. Because POSCO was the only mandatory respondent in the investigation, its rate also applied to steel ...