Hyundai Challenges U.S. Duty Rate on Steel

Hyundai Steel Co. is challenging the U.S. duty rate on some entries of its hot-rolled steel from South Korea, arguing to the U.S. Court of International Trade that the Commerce Department wrongly treated the company’s port usage rights for a Korean harbor as a government subsidy.

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

The U.S. imported an estimated $649.5 million of this steel from Korea in 2015, before the duties were put in place,

Share on twitter
Share on facebook

Related News


Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed