South Korea Carbon and Alloy Steel Plate: Prelim Results of CVD Admin Review
The Commerce Department has published the preliminary results of its countervailing duty administrative review on certain carbon and alloy steel cut-to-length plate from South Korea (C-580-888). The agency preliminarily assigned a 1.47% CVD rate to POSCO and its affiliated companies, the sole mandatory respondent in the review. If the agency's findings are continued in the final results of these reviews, importers of subject merchandise from POSCO entered Jan. 1, 2022, through Dec. 31, 2022, will be assessed CVD at that rate. Any changes to cash deposit rates for POSCO would take effect on the date of publication in the Federal Register of the final results of this review.
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Cross-owned with POSCO are POSCO Chemical Co., Ltd.; POSCO Holdings Inc.; POSCO Mobility Solution Co., Ltd.; POSCO M-Tech Co., Ltd.; and POSCO Nippon Steel RHF Joint Venture Co., Ltd.
Commerce said it is rescinding the review for 48 other companies that had no reviewable shipments of subject merchandise for the review period. The list of companies can be found in Appendix II of the notice.
This review covers only the companies listed above. Cash deposit rates for all other exporters of subject merchandise will not change as a result of this review, and Commerce will order entries during this period from all exporters not under review (i.e., now all except POSCO and affiliates) to be liquidated as entered, at the cash deposit rate in effect at the time of entry (ADCVDWeb Messages # 3228442).
(The period of review is 01/01/22 - 12/31/22. See notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)