Korea Carbon Steel Flat Products: Prelim Results of CV Admin Review
The International Trade Administration issued the preliminary results of the administrative review of the countervailing duty order on corrosion-resistant carbon steel flat products from Korea (C-580-818) for two companies. The CV rates for all three companies under review were preliminarily found to be de minimis1. These CV rates are not in effect. The ITA may modify them in the final results of this review and change the estimated CV cash deposit rate for these companies.
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| Company | Prelim CV Rate (not in effect) |
|---|---|
| Hyundai HYSCO Ltd. | de minimis |
| Pohang Iron & Steel Co. Ltd. (POSCO)2 | de minimis |
| Dongbu Steel Co., Ltd. | de minimis |
1As HYSCO (0.08%) , POSCO (0.16%), and Dongbu (0.11%) have all been preliminarily found to have de minimis CV rates, if the final results remain the same as these preliminary results, the ITA will instruct CBP to liquidate without regard to CV duties all shipments of subject merchandise produced by these three companies entered, or withdrawn from warehouse, for consumption from 01/01/10 through 12/31/10. The ITA will also, should the final results remain the same, instruct CBP not to collect cash deposits of estimated CV duties on all shipments of the subject merchandise produced by these three companies, entered, or withdrawn from warehouse, for consumption on or after the date of publication of the final results of this review.
2Includes affiliated company Pohang Steel Co., Ltd. (POCOS), a majority-owned production facility of POSCO.
(The review period is 01/01/10 -- 12/31/10. See ITA's notice for more information, including the scope of the order, etc. See ITA's Online Archives 11100418 for summary of the initiation of this review.)
ITA Contact -- Gayle Longest (202) 482-3338
(FR Pub 09/21/12)