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US to Impose 38% of Preliminary Tariff on South Korean Steel Pipe
Preliminary Anti-dumping Duty
US to Impose 38% of Preliminary Tariff on South Korean Steel Pipe
  • By Jung Min-hee
  • December 8, 2017, 00:15
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The U.S. has continuously imposed an antidumping tariff on South Korean circular welded non-alloy steel pipe (CWP) after carrying out the first review in 1991.
The U.S. has continuously imposed an antidumping tariff on South Korean circular welded non-alloy steel pipe (CWP) after carrying out the first review in 1991.

 

The U.S. Department of Commerce preliminarily determined to impose an antidumping duty of up to 38 percent on circular welded non-alloy steel pipe (CWP) imports from South Korea at its annual review, according to the United States Federal Register on December 7. 

The tariff rates are 38.16 percent on Hyundai Steel, 23.17 percent on AJU Besteel, Nexteel and SeAH Steel and 8.18 percent on Husteel. The figures are higher than that of the annual review at the previous year released in June.

The Department of Commerce will decide again whether to keep levying an antidumping tariff or how much tariff rates should be after considering market conditions and amount of imports every year.

The U.S. has continuously imposed an antidumping tariff on South Korean CWP after carrying out the first review in 1991. It conducted the latest annual review on CWP imports between November 2015 and October 2016.

Earlier, the Department of Commerce hit Husteel, AJU Besteel, Nexteel and SeAH Steel with 1.2 percent of antidumping tariffs in June at the annual review on CWP imported from November 2014 to October 2015. Industry sources estimates that the annual CWP exports amount to nearly 50,000 tons worth 30 billion won (US$27.41 million).