Home

The Korea Herald

Latest news

Most Popular

  1. 1

    Now is no time to add pressure on businesses: top executives

    Now is no time to add pressure on businesses: top executives
  2. 2

    CJ CheilJedang to spur overseas growth with new Hungary, US plants

    CJ CheilJedang to spur overseas growth with new Hungary, US plants
  3. 3

    Seoul to host winter festival from Dec. 13

    Seoul to host winter festival from Dec. 13
  4. 4

    Nationwide rail disruptions feared as union plans strike from Dec. 5

    Nationwide rail disruptions feared as union plans strike from Dec. 5
  5. 5

    Blackpink's solo journeys: Complementary paths, not competition

    Blackpink's solo journeys: Complementary paths, not competition
  1. 6

    N. Korea, Russia court softer image: From animal diplomacy to tourism

    N. Korea, Russia court softer image: From animal diplomacy to tourism
  2. 7

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid

    Smugglers caught disguising 230 tons of Chinese black beans as diesel exhaust fluid
  3. 8

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts

    [Today’s K-pop] Blackpink’s Jennie, Lisa invited to Coachella as solo acts
  4. 9

    Actor Song Joong-ki welcomes second child in Rome

    Actor Song Joong-ki welcomes second child in Rome
  5. 10

    Main opposition pushes to ease, not postpone, tax on crypto gains

    Main opposition pushes to ease, not postpone, tax on crypto gains
지나쌤

US increase antidumping tariffs on OCTG imports from Korea

By Korea Herald

Published : April 12, 2017 - 10:15

    • Link copied

WASHINGTON -- The US Commerce Department decided Tuesday to impose antidumping tariffs up to nearly 25 percent on oil country tubular goods imported from South Korean steelmakers.

The department announced that it will levy 24.92 percent tariffs on OCTG imports from Nexteel, 2.76 percent on SeAH Steel and 13.84 percent on Hyundai Steel and other South Korean steelmakers.

(Yonhap) (Yonhap)

The final rates to be be applied to product are higher than the preliminary tariffs determined in October and are roughly on par with what was leveled on South Korean OCTGs during the middle of 2014.

The latest move comes after Peter Navarro, the director of the White House National Trade Council, officially asked the Commerce Department to raise antidumping tariffs on South Korean goods last month.

The NTC head at the time cited a "particular market situation" as the reason for adjusting tarriff margins for imports. (Yonhap)

More from Headlines