South Korea Corrosion-Resistant Steel: Amended Final Results of CVD Admin Review
The Commerce Department is amending the final results of a countervailing duty administrative review on certain corrosion-resistant steel products from South Korea (C-580-879) to align a duty calculation for Hyundai Steel Company with the final decision in a court case challenging the original administrative review results. In the final results of that review, covering calendar year 2018, Commerce assigned to Hyundai Steel Company, the mandatory respondent, a CV duty cash deposit rate of 0.51%.
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The amendment corrects the dumping margin to 0.49%, de minimis, for Hyundai Steel, but will not affect the current cash deposit rate of 0.82% assigned in the most recent final results of the CVD administrative review of subject goods (see 2401310038). Commerce said it will not issue revised cash deposit instructions to CBP because the latest results supersede these amended final results. The amended results are applicable March 1.
The notice also said that Commerce remains, at this time, enjoined by court order from liquidating entries "that: were produced and/or exported by Hyundai Steel Co., Ltd., (a/k/a Hyundai Steel Company or Hyundai Steel), and were entered, or withdrawn from warehouse, for consumption during the period January 1, 2018, through December 31, 2018. These entries will remain enjoined pursuant to the terms of the injunction during the pendency of any appeals process."
(The review period is 01/01/18 - 12/31/18. See Commerce's notice for more information, including the scope of the order, detailed cash deposit and assessment instructions, etc. See 2106010076 for a summary of the original final results of this administrative review.)