Geopolitics Alpha

Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023

Published . Updated .

The U.S. Department of Commerce (Commerce) determines Hyundai Steel Company (Hyundai Steel) and POSCO, producers/exporters of certain hot-rolled steel flat products (hot-rolled steel) from the Republic of Korea (Korea), received countervailable subsidies during the period of review (POR) January 1, 2023, through December 31, 2023.

Directly affected

  • No company is named in this report.

Indirectly affected

  • CMC COMMERCIAL METALS CO

    GA selected CMC as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • CRML CRITICAL METALS CORP PUBCO ORD SHS

    GA selected CRML as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • MP MP MATERIALS CORP

    GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • NEWP NEW PAC METALS CORP F

    GA selected NEWP as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • PLG PLATINUM GROUP METALS LTD

    GA selected PLG as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • RYAM RAYONIER ADVANCED MATERIALS

    GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CMC———————
CRML———————
MP———————
NEWP———————
PLG———————
RYAM———————

The U.S. Department of Commerce (Commerce) determines Hyundai Steel Company (Hyundai Steel) and POSCO, producers/exporters of certain hot-rolled steel flat products (hot-rolled steel) from the Republic of Korea (Korea), received countervai…

Source: Federal Register

Commercial Metals (CMC) since this story, compared with the market

Since the first closing price after “Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023,” Commercial Metals (CMC) is +1.00%. The S&P 500 fund (SPY) is -1.53% over the same days, a +2.53% difference versus the market.

CMC
SPY

Who gains and who loses around Commercial Metals (CMC)

Companies carried with this story

  • CMC Commercial Metals

    For “Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023,” Commercial Metals (CMC) is linked, with no stored direction, medium confidence. Reason on file: GA selected CMC as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • CRML Critical Metals

    In “Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023,” Critical Metals (CRML) is linked, with no stored direction, medium confidence. Reason on file: GA selected CRML as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • MP MP Materials Corp. / DE

    For “Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023,” MP Materials Corp. / DE (MP) is linked, with no stored direction, medium confidence. Reason on file: GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • NEWP New Pacific Metals

    For “Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023,” New Pacific Metals (NEWP) is linked, with no stored direction, medium confidence. Reason on file: GA selected NEWP as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • PLG Platinum Group Metals

    For “Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023,” Platinum Group Metals (PLG) is linked, with no stored direction, medium confidence. Reason on file: GA selected PLG as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • RYAM Rayonier Advanced Materials

    In “Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023,” Rayonier Advanced Materials (RYAM) is linked, with no stored direction, medium confidence. Reason on file: GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Commercial Metals (CMC)

The 8 Oct 2026 story “Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023” names Commercial Metals (CMC) because of this story.

Commercial Metals (CMC) is on the page because GA selected CMC as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Also listed, Critical Metals (CRML): GA selected CRML as a RELATED security because its canonical security name directly matches this event's themes: metals. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Dates and price levels for Commercial Metals (CMC)

CMC traded between 60.61 and 69.41 across 20 sessions. The latest close on file is 64.54. CRML traded between 5.91 and 9.23 across 20 sessions. The latest close on file is 6.50. MP traded between 38.61 and 51.35 across 20 sessions. The latest close on file is 38.97.

A simple score for Commercial Metals (CMC)

54 out of 100

“Certain Hot-Rolled Steel Flat Products From the Republic of Korea: Final Results of Countervailing Duty Administrative Review; 2023” scores 54 out of 100. The score uses 2 sources, and 6 linked companies.