US DoC Reduces Antidumping Duty on HR Steel form Hyundai Steel
US Department of Commerce has lowered its antidumping duty on hot rolled steel from Hyundai Steel Co and preliminarily determined that the weighted average dumping margin for Hyundai Steel is 0.94 percent, a sharp drop from 5.44 percent in June. The latest move came a year after the department launched an administrative review of the antidumping duty order on hot-rolled steel imported from South Korea from October 1, 2017 through September 30, 2018. The department is expected to issue the final results of its administrative review around June next year.
Hyundai shipped 360,000 tons of hot-rolled steel to the United States during the cited period.