South Korea Nails: Prelim Results of AD Admin Review
The Commerce Department has released the preliminary results of its antidumping duty administrative review on steel nails from South Korea (A-580-874). Rates calculated in this review will be used to set assessment rates for importers of subject merchandise from four producers and exporters entered July 1, 2022, through June 30, 2023.
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.
Commerce has already ordered liquidation as entered, at the cash deposit rate in effect at the time of entry, for entries during the period of review from all exporters not under review, in a message to CBP (ADCVDWeb Message # 3292410).
In these preliminary results, Commerce is also ending the review for 116 companies that had no reviewable entries during the review period. See Appendix III of the notice for the complete list.
Cash Deposit Requirements
Once Commerce issues its final results, new AD duty cash deposit requirements may take effect for the seven companies remaining under review, beginning on the date of publication of the final results in the Federal Register.
| Exporter | AD Rate (Prelim) |
|---|---|
| Korea Wire Co., Ltd. | zero |
| Nailtech Co., Ltd. | 2.43% |
| Non-individually examined companies (5 companies) | 2.43% |
Non-individually examined companies. Commerce calculated a rate for five companies based on an average of the two mandatory respondents. The five non-individually examined companies are: Daejin Steel Company; Hanmi Staple Co., Ltd.; Je-il Wire Production Co., Ltd.; Koram Inc.; and Youngwoo Fasteners Co., Ltd.
Assessment Rates
As part of this administrative review, Commerce will also calculate final AD duty assessments on importers of subject merchandise exported by the companies under review that was entered between July 1, 2022, and June 30, 2023. If these preliminary results are confirmed in the final results, importers of subject merchandise from Nailtech would be assigned importer-specific rates. Entries from Korea Wire would be liquidated without regard to AD. Entries from other companies would be liquidated at the rate listed above.
(The period of review is 07/01/22 - 06/30/23. See the notice for additional information, including the scope of the order, potential cash deposit and assessment instructions, etc.)