South Korea Carbon-Quality Steel Plate: Final Results of CV Admin Review
The Commerce Department issued the final results of its countervailing duty administrative review on cut-to-length carbon-quality steel plate from South Korea (C-580-837). Commerce found both companies under review, Hyundai Steel Company and Dongkuk Steel Mill Co., Ltd., received de minimis illegal subsidies during the period of review, assigning each of them a zero percent CV duty rate. Subject merchandise from Hyundai and DSM entered Jan. 1, 2017, through Dec. 31, 2017, will be liquidated without any assessment of CV duties, and future entries of subject merchandise from Hyundai and DSM will not be subject to CV duty cash deposit requirements until further notice. Changes to cash deposit rates from these final results take effect Aug. 19.
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For exporters of subject merchandise that were not under review (i.e., all except Hyundai and DSM), cash deposit rates remain at the level set in the most recent review of each respective company. If the exporter has never been assigned its own CV rate but the manufacturer has, the rate assigned to the manufacturer applies. For merchandise manufactured and exported by companies that have never been assigned a cash deposit rate by Commerce, the all-others rate applies.
(The review period is 01/01/17 - 12/31/17. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 1904120024 for a summary of the preliminary results of this administrative review.)
AD/CVD Operations contact -- John Conniff (202) 482-1009
(Federal Register 08/19/19)