Korean Transformers Being Dumped In US, Commerce Says
Law360, New York (September 3, 2015, 3:37 PM EDT) -- The U.S. Department of Commerce has issued a preliminary determination that two Korean producers of large power transformers have been dumping their wares in the U.S., according to a notice on Thursday.
Hyosung Corp. and Hyundai Heavy Industries Co. Ltd. were both found to be selling their exported transformers at less than normal value from August 2013 through July 2014. Commerce calculated their dumping margins to be 11.01 percent and 3.96 percent, respectively.
Both companies had been singled out for individual review by Commerce because they accounted for the largest volume of transformers exported from Korea during that time period, the...
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