On October 18, the U.S. Department of Commerce (DOC) published its final results in the administrative review of the antidumping (AD) order on carbon and certain alloy steel wire rod from Korea. The review covered one Korean producer / exporter during the period from May 1, 2022 through April 30, 2023.

The DOC calculated a final weighted-average dumping margin of 0.85% for POSCO / POSCO International Corporation – the sole respondent.

Accordingly, effective October 18, 2024, the dumping duty deposit rate for POSCO / POSCO International Corporation became 0.85%.  The previous dumping duty deposit rate was 0.00%.  In addition, the DOC will send instructions to U.S. Customs and Border Protection to liquidate imports that were entered during the period of review at the applicable dumping rate.