The US Department of Commerce (USDOC) has made some revisions to its preliminary determinations of the countervailing duty (CVD) rates for South Korea’s certain corrosion-resistant steel products, covering a review period from January 1, 2022, through December 31, 2022.

According to the decision, the review on SeAH Steel Corporation was rescinded as the company made no shipments to the US during the review period.

Upon interested parties’ comments, subsidy rates were revised for KG Dongbu Steel Co., Ltd. and KG Steel Corporation to 4.02%, and Hyundai Steel Company to 2.27%. A revised rate of 2.97% applies to five non-selected companies, including POSCO, POSCO Coated & Color Steel Co., Ltd., POSCO International, POSCO Steeleon Co., Ltd., and SeAH Coated Metal Corporation.