Hyundai Steel Signs Off on Remand Results Dropping PMS Adjustment to Sales-Below-Cost Test
Consolidated plaintiff in an antidumping case Hyundai Steel in an Aug. 25 filing signed off on the Commerce Department's remand results (see 2106220064) dropping a cost-based particular market situation adjustment from the sales-below-cost test. The case comes from the 2016-17 administrative review of the antidumping duty order on circular welded non-alloy steel pipe from South Korea. Following elimination of the PMS adjustment, Husteel, the other plaintiff in the case, received a 6.44% dumping rate, down from 10.91%, while Hyundai received a 4.82% rate, down from 8.14%. Hyundai said no parties submitted comments opposing the remand results (Husteel Co., Ltd. v. U.S., CIT #19-00107).
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
The remand results brought Commerce in line with instructions from the court that granted Commerce's wishes for a voluntary remand of the case. Following a separate CIT decision in December that ruled against the agency's application of a PMS adjustment under similar circumstances, Commerce requested to reconsider its own administrative review results to come into compliance with this decision (see 2105030043).