The United States has decided to impose anti-dumping duties on a Korean aluminum wire cable (AWC) company. This is based on the judgment that the company has been circumventing exports by bringing in materials and supplies from China and conducting only minimal processing.
According to the Ministry of Trade, Industry and Energy and the steel industry on the 28th, the U.S. Department of Commerce recently announced the results of its investigation into AWC circumvention exports and decided to impose an anti-dumping duty of 52.79% and a countervailing duty of 33.44% on products produced by Busan Cable Engineering.
Busan Cable Engineering is a corporation that operates with 100% equity investment from a Chinese company in Korea. The U.S. Department of Commerce determined through preliminary and full investigations that it has been circumventing exports to the U.S. using materials and supplies from China.
The Ministry of Trade, Industry and Energy noted, "The investigation has been ongoing since the Biden administration," adding that "it has also been conducted on corporations in Vietnam, Cambodia, and Thailand, and if it can be proven that they did not use Chinese materials and supplies, they can export to the U.S. without anti-dumping or countervailing duties."
In fact, among Korean companies exporting AWC products to the U.S., there are two: Busan Cable Engineering and Taihan Cable & Solution. Taihan Cable & Solution proved that it does not use Chinese raw materials and thus received a tariff exemption.