U.S. Duties on Hyundai’s Hot-Rolled Steel Will Be Revisited

Aug. 27, 2021, 4:06 PM

The Commerce Department will be allowed to voluntarily reconsider anti-subsidy duties on certain imports of hot-rolled steel produced by Hyundai Steel Co., after a federal trade court on Thursday said the department has good reason to re-evaluate a deal involving Korean port usage rights.

The U.S. maintains countervailing duties on certain hot-rolled steel flat products from South Korea. The steel is used in the automotive and construction industries and to manufacture transportation equipment, appliances, heavy machinery, and machine parts.

The U.S. imported about $649.5 million of hot-rolled steel flat products from Korea in 2015, before the duties were put ...

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