2011 Korean Steel Subsidies Were Minimal, Commerce Says

Law360, New York (September 10, 2013, 3:25 PM EDT) -- The U.S. Department of Commerce said Tuesday it determined that subsidies the South Korean government provided in 2011 to some of its local steel manufacturers related to the export of corrosion-resistant carbon steel flat products are not large enough to warrant possible countervailing duties.

Commerce's International Trade Administration issued the preliminary findings of its most recent annual review of the countervailing duty order on corrosion-resistant carbon steel flat products. The results, which covers Korean steel imports than entered the U.S. in 2011, are scheduled to be...
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