South Korea Corrosion-Resistant Steel: Final Results of CV Admin Review
The Commerce Department has released the final results of its countervailing duty administrative review on corrosion resistant steel from South Korea (C-580-879). These final results will be used to set final assessments of CV duties on importers for subject merchandise entered Jan. 1, 2021, through Dec. 31, 2021.
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Commerce said it made changes in its calculations for KG Dongbu Steel Co., Ltd. since the preliminary results, and that affected the rates for three non-selected companies as well. The rate for Hyundai Steel also changed slightly.
New Cash Deposit Rates Take Effect Feb. 1
New CV duty cash deposit rates for the producers and exporters subject to his review take effect Feb. 1, the date these final results are to be published in the Federal Register. The new rates, which will also apply for importer assessment purposes, are as follows:
| Producer/Exporter | CVD Rate |
|---|---|
| KG Dongbu Steel Co., Ltd. | 6.48% |
| Hyundai Steel Co. | 0.82% |
| POSCO | 1.6% |
| POSCO Coated and Color Steel Co., Ltd. | 1.6% |
| SeAH Coated Metal | 1.6% |
Companies that didn't get a rate in this review will keep their most recently assigned cash deposit rate. If the exporter has never been assigned its own CVD 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.
No shipments. Commerce did not change in the final results its preliminary decision to rescind the review for four companies that had no entries of subject merchandise during the calendar year 2021 period of review: SeAH Steel Corp., POSCO International, POSCO Steeleon, and Hyundai Steel Co., Ltd. Cash deposit requirements for these four companies won't change as a result of this review, and any entries under their case numbers during calendar year 2021 will be assessed CVD at the "all-others" rate.
(The review period is 01/01/21 - 12/31/21. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2307280031 for a summary of the preliminary results of this administrative review.)