⚖️Preliminary Countervailing Duty Review Impact on Korean Steel Imports
Certain Cut-to-Length Carbon-Quality Steel Plate From the Republic of Korea: Preliminary Results and Partial Rescission of Countervailing Duty Administrative Review; 2023
Summary
The U.S. Department of Commerce (Commerce) preliminarily determines that certain exporters/producers of certain cut-to-length plate (CTL plate) from the Republic of Korea (Korea) received countervailable subsidies during the period of review (POR) January 1, 2023, through December 31, 2023. Commerce is also rescinding this review, in part, with respect to six companies. Interested parties are invited to comment on these preliminary results.
Agencies
- Commerce Department
- International Trade Administration
Business Impact
$$$ - High
The document discusses the preliminary results of a review on countervailing duties for certain steel products from Korea, indicating that businesses involved may be subject to new financial obligations or adjustments in duties based on government determinations. This can significantly impact pricing and market conditions for affected companies.