🏭Antidumping Duty Preliminary Results on Steel Wire Rod Imports
Carbon and Alloy Steel Wire Rod From the Republic of Korea: Preliminary Results of Antidumping Duty Administrative Review; 2023-2024
Summary
The U.S. Department of Commerce (Commerce) preliminarily finds that POSCO and POSCO International Corporation (PIC) (collectively, POSCO), a producer and exporter of carbon and alloy steel wire rod (wire rod) from the Republic of Korea (Korea), sold subject merchandise in the United States at prices below normal value during the period of review (POR) May 1, 2023, through April 30, 2024. We invite all interested parties to comment on these preliminary results.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$$ - High
The document outlines a preliminary determination of antidumping duties on carbon and alloy steel wire rod imports from Korea, which directly impacts pricing and compliance for U.S. importers and domestic producers. The outlined duties could affect overall market pricing and competition within the steel industry.