South Korea Cold-Rolled Steel: Final Results of CVD Admin Review
The Commerce Department has released the final results of its countervailing duty administrative review on cold-rolled steel flat products from South Korea (C-580-882). These final results, slightly lower than in the preliminary 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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New Cash Deposit Rates Take Effect March 1
New CV duty cash deposit rates for the producers and exporters subject to his review take effect March 1, the date these final results are scheduled to be published in the Federal Register. The new rates are as follows:
| Producer/Exporter | CVD Rate |
|---|---|
| POSCO / POSCO International Corporation / POSCO Chemical / POSCO M-Tech / Pohang Scrap Recycling Distribution Center Co., Ltd. / POSCO Nippon Steel RHF Joint Venture Co., Ltd. / POSCO Terminal / POSCO Steel Processing and Service | 0.86% |
| Hyundai Steel Company (aka Hyundai Steel Co., Ltd.) / Hyundai ITC / Hyundai Green Power | 0.76% |
No shipments. Commerce continued its preliminary finding that Hyundai Group and POSCO C&C Co., Ltd. had no entries of subject merchandise during the period under review. Therefore, the review for Hyundai Group and POSCO C&C was withdrawn with no change to their existing cash deposit rates.
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 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 01/01/21 - 12/31/21. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2310040041 for a summary of the preliminary results of this administrative review.)