US raises anti-dumping duties on South Korean wire rod after exchange-rate error

The United States has quadrupled the preliminary anti-dumping duties on imports of South Korea-origin wire rod after officials admitted that they did not convert currency values correctly, according to a US Federal Register notice dated Tuesday November 28.

The preliminary weighted average dumping margin has been amended to 40.8%, with effect from November 28. Officials from the Department of Commerce forgot to convert a key metric from South Korean...


Nat Rudarakanchana

November 30, 2017

20:32 GMT

New York