Americas > Korean steelmakers may face US tariffs as extra carbon permit allocation deemed subsidy

Korean steelmakers may face US tariffs as extra carbon permit allocation deemed subsidy

Published 08:21 on January 20, 2025  /  Last updated at 01:41 on January 21, 2025  / /  Americas, Asia Pacific, South Korea, US

Top steelmakers in South Korea could face additional tariffs imposed by the US, as extra permit allocation to steel companies under the Korean emissions trading scheme is considered to constitute a subsidy, according to a recent judicial decision.
Top steelmakers in South Korea could face additional tariffs imposed by the US, as extra permit allocation to steel companies under the Korean emissions trading scheme is considered to constitute a subsidy, according to a recent judicial decision.


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