The US Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty (AD) order on carbon and alloy steel wire rod from South Korea.
During the review period from May 1, 2021, to April 30, 2022, South Korean steel producer POSCO was found to have not made sales of the given products at less than normal value. Accordingly, the DOC has calculated a weighted-average dumping margin of zero for the company.
The final result of the review is expected to be announced within 120 days of publication of the preliminary results.
The preliminary antidumping duty for the country is applicable from June 2.