South Korea Cold-Rolled Steel: Amended Final Results of AD Admin Review
The Commerce Department has released amended final results of the antidumping duty administrative review on cold-rolled steel flat products from South Korea (A-580-881) that were used to set final assessments of AD on importers for subject merchandise entered Sept. 1, 2021, through Aug. 31, 2022 (see 2402220060). The amendment came as the result of a ministerial error allegation from Steel Dynamics, Inc. Commerce said it agreed with the allegation, which pointed out that in calculating a countervailing duty export subsidy offset for Hyundai Steel Company, Commerce adjusted Hyundai's U.S. price by 4% instead of by the intended 0.04%. The correction results in a change to two AD rates published Feb. 23 in the original final results. The new rates are effective March 28.
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Hyundai's AD rate goes from 0.88% to 1.35%, and since that rate is used in averaging to calculate the rate for one non-individually examined company, KG Dongbu Steel Co., Ltd., the AD rate for KG Dongbu also changes, increasing from 2.13% to 2.28%. No other rates assigned in the original final results change.