The US Department of Commerce preliminarily determined that steel nails from South Korea were sold in the US at less than fair value from July 1, 2018, to June 30, 2019.
In an order slated for publication on Tuesday, Commerce preliminarily assigned anti-dumping (AD) margins to Daejin Steel and Korea Wire at 1.84pc and 7.19pc, respectively.
The agency will instruct US Customs and Border Protection to assess the AD duties for the concerned parties during the POR once the final results are published. A cash deposit rate of 11.8pc will continue to be in effect for all other producers from South Korea, apart from the AD rates.