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  • US raised Korean pipe duties

    News:US raised Korean pipe duties

    The U.S. Department of Commerce has raised anti-dumping Korean pipe duties on Korean thick-walled rectangular welded pipes used, in particular, in the construction of offshore drilling platforms.
    Fees for these products were introduced in 2018 and then changed during a re-review. For most Korean manufacturers, the rate rose from 12.81 to 43.91%, and for Donga Steel, to 53.8%. According to news from representatives of the Ministry, she refused to cooperate, so for her the level of duty was determined arbitrarily, according to the “available negative facts.”

    This is the second time that the USA has been revised upwards in the past month. Earlier, the Commerce Department raised the tariff for oil and gas pipes for SeAH Steel to 17.04%.

    News: US Department of Commerce position about Korean pipe

    According to the US Department of Commerce (USDOC), the government confirmed that cold-rolled steel from South Korea was not exported to the US market at lower prices than usual.

    However, Some South Korean steel producers, such as POSCO, Hyundai Steel, Dongkuk Steel and Dongbu Steel, received a 0% rate from USDOC.

    Earlier, was news about  steel producers of participating products received from 0.57% to 36.59% of anti-dumping tariffs according to the first survey conducted by USDOC in May.

     

    Korean steel market  review:http://www.businesskorea.co.kr/news/articleView.html?idxno=34475

    Other news about steel markets: https://tradingwm.ae/india-may-impose-duties-on-certain-types-of-steel/

     

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