South Korea Hot-Rolled Steel: Final Results of CVD Admin Review
The Commerce Department has released the final results of the countervailing duty administrative review on hot-rolled steel flat products from South Korea (C-580-884). These final results will be used to set final assessments of CVD on importers for entries in calendar year 2021.
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New Cash Deposit Rates Take Effect May 13
New CVD cash deposit rates for the producers and exporters still subject to his review take effect May 13. The new rates, which also will apply for importer assessment purposes, are as follows:
| Exporter | CVD Rate |
|---|---|
| Hyundai Steel Company (aka Hyundai Steel Co., Ltd.) and cross-owned affiliates Hyundai Steel Company: Hyundai ITC and Hyundai Green Power | 0.76% |
| POSCO and cross-owned affiliates Pohang Scrap Recycling Distribution Center Co. Ltd.; POSCO Chemical; POSCO M-Tech; POSCO Nippon Steel RHF Joint Venture Co., Ltd.; POSCO Terminal, and POSCO Steel Processing and Service | 0.86% |
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.
(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 2311060035 for a summary of the preliminary results of this review.)