Arab Steel Summit
Arab Steel Summit
Arab Steel Summit

US halves anti-dumping tariffs on S. Korean oil pipelines

The United States has nearly halved its anti-dumping tariffs on oil pipeline products from South Korean steelmakers, industry sources said Tuesday.

The US Department of Commerce has decided to levy a tariff of 4.23 percent to 9.24 percent on South Korean oil pipelines, far lower than the 2018 ruling of up to 18.77 percent.

The tariff reduction came after the Court of International Trade (CIT) ordered Washington to readjust its earlier duties in January following complaints from South Korean steelmakers

Oil pipelines are used to move crude and natural gas from oil fields. South Korean pipeline exports to the US were valued at $350 million in 2018.

By company, the tariff on pipelines from South Korea’s No. 2 steelmaker, Hyundai Steel Co., comes to 9.24 percent, with that on products made by SeAH Steel Corp. reaching 4.23 percent.

The anti-dumping duty on products from other South Korean steelmakers stands at 6.74 percent.

At the time of the 2018 ruling, the US department said the tariff rates were based on the “particular market situation” regulations that allow for high tariff rates on goods from countries where export prices are believed to have deviated from those of the domestic market.


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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.


92 Members

28 Board of Directors

17 Country

300.000 Employees

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