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US Tariffs on Articles of Iron or Steel from South Korea — 10% (2026)

Tariff Rate Breakdown

10%

Section 122 Base

10%

Total Effective Rate

KORUS — qualifying goods may enter duty-free

Importers sourcing articles of iron or steel from South Korea face specific tariff considerations, with approximately $169B in total bilateral trade.

As of March 2026, articles of iron or steel imports from South Korea face a base tariff rate of 10% under Section 122 of the Trade Act of 1974. This rate replaced the previous IEEPA reciprocal tariff following the Supreme Court's 6-3 ruling in V.O.S. Selections Inc. v. United States on February 20, 2026.

Under the Trade Act of 1974, Section 122 tariffs are limited to 150 days. The current 10% rate expires around July 24, 2026. Congressional action would be required to extend these tariffs beyond that date.

Articles of Iron or Steel (HTS Chapter 73) carry an average MFN duty rate of 3.5% in addition to the Section 122 tariff. No additional Section 232 or Section 301 surcharges apply to most products in this category from South Korea.

South Korea is party to the KORUS, which may provide preferential or duty-free access for qualifying articles of iron or steel. Importers should verify rules of origin requirements to take advantage of preferential rates.

Key products in HTS Chapter 73 imported from South Korea include Steel structures, Steel containers, Screws and bolts, Steel springs, Wire fencing, and Steel nails.

Common Products in Chapter 73

Steel structuresSteel containersScrews and boltsSteel springsWire fencingSteel nailsStoves and radiatorsSteel doorsChain

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Frequently Asked Questions

What is the current tariff rate on articles of iron or steel from South Korea?

As of March 2026, articles of iron or steel from South Korea face a base tariff of 10% under Section 122. The effective rate can be up to 10%.

Will the tariff on articles of iron or steel from South Korea change?

The Section 122 tariff of 10% expires approximately July 24, 2026, unless Congress extends it. Monitor legislative developments for updates.

How did the Supreme Court ruling affect articles of iron or steel imports from South Korea?

The Supreme Court's February 20, 2026 ruling struck down IEEPA reciprocal tariffs as exceeding presidential authority. The president signed a replacement 10% tariff under Section 122 the same day, effective February 24. Qualifying goods under KORUS may still enter duty-free.